Private Key Instead of Contract Address: Mika's Memecoin Drained in 81 Seconds

Memecoin influencer Mika posted the private key of her dev wallet on X on Wednesday evening, instead of the contract address of her new coin Free Mika (MIKA). The key went public at 17:40:09 UTC, and with it anyone could empty the wallet. 81 seconds later, 500.4 million MIKA had been pulled out, half of the entire supply, and seven seconds after that they were sold for 376.9 SOL, roughly $38,000. The price fell 99%. Every one of these steps is public on the Solana blockchain, and the timeline below links each transaction.