The newly launched altcoin Super Sushi Samurai (SSS) suffered a serious security breach.
In the latest update, the market value of SSS fell to $0.000000000002239, a massive decline of 99%. Likewise, 24-hour trading volume plummeted to $9,570.9.
Altcoin Super Sushi Samurai (SSS) Exploitation
The breach was first detected and announced by Certik, a leading security company specializing in blockchain technology. According to Certik, the Super Sushi Samurai token suffered a serious mishap on the Blast platform. This resulted in a significant loss of approximately $4.6 million.
Despite the troubling nature of the breach, Certik made it clear that the incident was linked to a white hat rescue operation. The company said it had taken steps to prevent further damage, rather than exploiting the system for malicious gain.
The Super Sushi Samurai team responded quickly to the crisis by halting all token transfers and launching a thorough investigation into the exploit identified as being related to the minting process.
“We have paused token transfers and are investigating. We have been exploited. It is related to mint. We are still examining the code,” the team said.
Read more: Identifying and Navigating Risks in DeFi Lending Protocols
Efforts are currently underway to communicate with exploiters. This incident shook the cryptocurrency market and reminded investors of the importance of security.
disclaimer
In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.