Alkanes Protocol Hit by Critical Bug: Unlimited Token Minting, One Address Mints 100M DIESEL Out of Thin Air

News Editor

2026-07-02 13:31:25

A critical bug in the Alkanes protocol allows unlimited minting of its DIESEL token. One address exploited the vulnerability to mint 100 million tokens. Official explorers and third-party interfaces fail to display the assets. The project's Telegram admin claims funds are safe but users are warned of risks.

Alkanesprotocol bugunlimited mintingDIESELsecurity incidentwhalerisk warning

Critical Bug in Alkanes Protocol Enables Unlimited DIESEL Minting

According to ChainCatcher, community user @CG_BRC20 reported a severe bug in the Alkanes protocol that enables attackers to mint unlimited amounts of the protocol's DIESEL token. A specific address has already exploited the vulnerability to mint 100 million DIESEL tokens out of thin air. The official Alkanes Espo block explorer and the third-party interface Subfrost are both unable to display the affected assets. Holders are advised to exercise caution.

The Alkanes official Telegram group admin temporarily responded that funds are safe, but no specific fix timeline or scope of impact has been disclosed. This on-chain protocol-level unlimited minting bug poses a potential threat to DIESEL token supply and price. Users are recommended to immediately verify their holdings and avoid trading the token until the project releases a full security report.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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