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Altcoin Super Sushi Samurai (SSS) Plummets After Security Breach

1 min
Updated by Bary Rahma
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In Brief

  • Super Sushi Samurai, a new altcoin, faced a critical security breach, leading to a 99% drop in market value.
  • Security firm Certik reported a $4.6 million loss due to an exploit, later clarified as a white hat operation.
  • The SSS team paused token transfers and is investigating the exploit, seeking communication with the hacker.
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Super Sushi Samurai (SSS), a newly launched altcoin, has suffered a significant security breach.

As of the latest update, SSS’s market value has dropped to $0.000000000002239, marking a devastating 99% decrease. Likewise, its 24-hour trading volume spiraled down to $9,570.9.

Altcoin Super Sushi Samurai (SSS) Exploited

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.

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.

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.

“Pausing token transfers and investigating. We have been exploited, it’s mint related. We are still looking into the code,” the team disclosed.

Read more: Identifying & Exploring Risk on DeFi Lending Protocols

Super Sushi Samurai (SSS) Price
Super Sushi Samurai (SSS) Price Performance. Source: TradingView

Efforts to communicate with the exploiter are currently underway. This incident has rattled the cryptocurrency market, reminding investors of the paramount importance of security.

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Bary Rahma
Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.