The creator of the token (Ayylmao, since the exploit/theft people have said he is a known serial scammer on Hedera formerly known in Discord community as 'bheing') said he's made a coinflip Dapp for his Sauceinu token (refer to screenshots uploaded of DMs). People who used it had to approve a very large allowance for the token they are playing with, and those who questioned how secure it was were told its very secure by him as hes done similar stuff on Etherium chain. He releases the Dapp a few days before his announcement that a new devleoper has joined their team (out of the blue, no one knew this, and he use to say to keep costs down, hes going to be the main developer).
Then a couple weeks later anyone who connected and apporved allowance to play the game had all the tokens they approved stolen from their wallet exploiting the high allowance approval coded into the Dapp by Ayylmao (but Ayylmao fabricated a story that the new dev went behind his back and changed code to have that exploit and a 'taketoken' function added into the source code).
After stealing the tookens from many people, the thief dumped/sold all tokens on Saucerswap for Hbar and then cashed out through Gate.io (this is where most of my losses have occurred as the dump has tanked the vlaue of the token and hence my remaning investmet held in another account). You can follow the transactions on Hashscan (he used 2 or 3 accounts to conduct the theft). The new dev has apparantly been doxxed by Ayy (within a day of the exploit and theft) as being someone by the name of Alberto Mira (not sure if this is a real person or an Alias of his - https://es.linkedin.com/in/alberto-mira-5089ba269 ). Ayylmao's story is that he gave Alberto an ultimatum to return the stolen USD value of the funds back to him so he can return it to the people affected. Which obviously never happened, and Ayylmao now says hes working with Spanish Authorities to find Alberto (even if Albertos Linkedin says hes working in the USA.....)
Some people have been reimbursed by Ayylmao in the Sauceinu tokens they had stolen, but that does not equate to the USD value lost and stolen from them.