PancakeSwap Pool Drained of $14.35M Despite Burned LP Tokens
Oct 11, 2026
A PancakeSwap liquidity pool lost $14.35M even though its LP tokens were burned — a reminder that burning tokens isn't the safety guarantee many assumed.
Burned Tokens Weren't Enough
A liquidity pool tied to the 79AU token on PancakeSwap just got drained of roughly $14.35 million in USDT, and the part that's turning heads is how it happened.
Normally, burning LP tokens is treated as a trust signal — it's supposed to mean the liquidity is locked for good and nobody can quietly pull it out. Here, that assumption didn't hold up.
Contract Permissions Were the Real Issue
Early investigations point to contract permissions as the actual weak spot, not the LP token burn itself. In other words, someone still had a way to drain the pool through the contract's logic, regardless of what happened to the LP tokens on paper.
It's a good gut check for anyone leaning on "burned LP tokens" as their main due diligence step before aping into a pool. That signal only protects against one specific risk. If the underlying contract has permissions that were never revoked or audited properly, burning tokens does basically nothing to stop a drain.