{"id":30953,"date":"2024-04-06T23:15:13","date_gmt":"2024-04-06T23:15:13","guid":{"rendered":"https:\/\/icoinmarket.com\/this-altcoin-plummeted-99-after-security-breach\/"},"modified":"2024-04-06T23:15:13","modified_gmt":"2024-04-06T23:15:13","slug":"this-altcoin-plummeted-99-after-security-breach","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/this-altcoin-plummeted-99-after-security-breach\/","title":{"rendered":"This Altcoin Plummeted 99% After Security Breach"},"content":{"rendered":"


\n<\/p>\n

\n

Super Sushi Samurai (SSS), a newly launched altcoin, has suffered a significant security breach. <\/p>\n

As of the latest update, SSS\u2019s market value has dropped to $0.000000000002239, marking a devastating 99% decrease. Likewise, its 24-hour trading volume spiraled down to $9,570.9. <\/p>\n

Altcoin Super Sushi Samurai (SSS) Exploited<\/h2>\n

The breach was first detected and announced by Certik, a leading security firm specializing in blockchain technology. According to Certik, the Super Sushi Samurai token experienced a critical incident on the Blast platform. It led to a substantial loss of approximately $4.6 million. <\/p>\n

Despite the alarming nature of the breach, Certik clarified that the incident involved a white hat rescue operation. The firm suggested that the actions taken were aimed at preventing further damage rather than exploiting the system for malicious gain.<\/p>\n

The Super Sushi Samurai team quickly responded to the crisis by halting all token transfers and launching a thorough investigation into the exploit, which was identified as related to the minting process. <\/p>\n

\n

\u201cPausing token transfers and investigating. We have been exploited, it\u2019s mint related. We are still looking into the code,\u201d the team disclosed. <\/p>\n<\/blockquote>\n

Read more: Identifying & Exploring\u00a0Risk on DeFi Lending Protocols<\/p>\n

Super Sushi Samurai (SSS) Price Performance. Source: TradingView<\/figcaption><\/figure>\n

Efforts to communicate with the exploiter are currently underway. This incident has rattled the cryptocurrency market, reminding investors of the paramount importance of security. <\/p>\n

\n
\n

Disclaimer<\/p>\n

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our\u00a0Terms and Conditions,\u00a0Privacy Policy, and\u00a0Disclaimers\u00a0have been updated.<\/p>\n<\/div>\n<\/div><\/div>\n


\n
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