Tapioca DAO suffered major security bugs. About $4.40 million of cryptocurrency was stolen by the attackers, and the price of TAP tokens plummeted by more than 95%. The attackers obtained private keys through social engineering, resulting in a large amount of funds being transferred. Despite this, the team worked with security agencies to successfully transfer 1,000 ETH (about $2.70 million) to a safe location to avoid greater losses. At present, the hackers still hold some of the stolen assets, and the team is continuing to work to recover the remaining funds.