Amara Exchange Breach Hits $AMARA Token After Launch

Background on Amara Exchange and the $AMARA Token

Amara Exchange launched as a decentralized perpetual futures platform built on Base, an Ethereum Layer 2 network. The project promotes a sustainability-focused model, positioning itself as a “clean perps DEX” aligned with carbon-neutral practices.

The Dione Protocol powers the platform and focuses on real-world asset integration and environmentally aligned infrastructure. The $AMARA token serves as the platform’s utility and governance asset, with use cases including staking rewards and trading fee discounts.

The token launched on February 11, 2026 with a total supply of 1 billion tokens. Dione Labs controlled multisig wallets that held a large portion of the supply and allocated funds for liquidity, treasury, and community incentives.

Amara Exchange Breach Triggers 5% Supply Sell-Off

The Amara exchange breach involved a wallet holding approximately 50 million $AMARA tokens, representing 5% of total supply. The attacker transferred the tokens to another address and sold them into the AMARA/WETH pool on Uniswap V2, overwhelming available liquidity.

The sell-off drove the price from an early high of $0.002389 to a low near $0.000384 within hours. On-chain data shows the tokens were moved from an operational wallet linked to presale distributions before being liquidated in a single transaction. Blockchain records confirm the path of funds and the immediate impact on the liquidity pool, which could not absorb the size of the sell order.

Amara Exchange Breach Raises Questions Around Wallet Security

The Amara team stated that a malicious site had previously exposed the affected personal operational wallet and later compromised it. According to the team, the incident did not affect treasury funds, liquidity pools, or multisig-controlled reserves.

However, the use of a personal wallet for presale distribution has drawn scrutiny from community analysts. On-chain observers noted that the wallet had direct links to the token minting flow, raising questions about internal controls.

Additional concerns were raised about contract permissions, including the ability for creators to modify certain parameters such as fees or token behavior, a feature sometimes flagged as a risk in new DeFi tokens.

Team Response Following the Amara Exchange Breach

Amara Exchange stated it would honor all presale allocations despite the loss and confirmed that buyback activity had started to stabilize the market. The team also announced new security measures, including stricter multisig requirements for operational wallets.

Lead builder statements acknowledged the compromised wallet and provided transaction references for verification. The team also signaled upcoming updates and potential partnerships as part of a recovery roadmap. While the team presented these actions as transparency measures, community reaction has remained mixed, with some users calling for further investigation into the incident.

What Happens Next

Traders are now monitoring whether buybacks and liquidity support can stabilize the token’s price. Ongoing communication from the team and clarity around security upgrades will likely shape short-term sentiment.

Market participants are also watching for any independent on-chain investigations and whether additional safeguards are implemented at the protocol level. Future adoption of the platform’s perps trading product will be key to rebuilding confidence.