Meme trader Frogman wakes up to $4M missing from hot wallets

While asleep in Singapore, meme trader Frogman lost over $4 million from two non-custodial wallets on October 7, 2026, around 4:30 a.m. local time.

On-chain watcher Yu Jin spotted the first transfers five hours before Frogman himself confirmed the drain. Tokens from nine projects were swapped into ETH, BNB and SOL, then routed through Privacy Cash and Chainflip.

The wallets had been used for fast meme-token trading and had recently received assets moved by Frogman himself from his Backpack account. He sees no issues with the exchange or his phone and email.

The case echoes a February 2025 incident involving Mask Network founder Suji Yan, where roughly the same amount disappeared under similar offline-access suspicions.

Based on information from cryptonews.net