984M BEAM stolen, then burned – The move that turned a hack into a pump

The Merit Circle DAO's Beam gaming protocol suffered an exploit in which an attacker drained 984 million BEAM tokens—roughly 2.3% of total supply—but was unable to sell any of them, as the compromised multisig was moved to a safe address before liquidation. The DAO subsequently burned the stolen tokens, converting the incident into a supply shock that briefly boosted BEAM's price. The exploit stemmed from a compromised signer on the protocol's multisig wallet rather than a smart contract flaw, and no user funds were affected. BEAM's rally faded quickly, consistent with the historically short-lived nature of supply-shock pumps. Watch for the DAO's post-mortem on signer security and whether the burn's deflationary effect sustains BEAM's market cap.