{"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
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
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