The post Newly Launched Gaming Token “SSS” Exploited; $4.6 Million Wiped off From Layer-2 Blast Network appeared first on Coinpedia Fintech News
Despite the less than a week’s existence of the gaming token Super Sushi Samurai (SSS) on the layer-2 Blast network, the failure was massive. The hack which was executed through the smart contract vulnerability resulted in a $4.6 million loss.
We have been exploited, it’s mint related. We are still looking into the code. Tokens were minted and sold into the LP. Transaction:https://t.co/F4XeqdyJu2
the exploited funds are in this wallet: https://t.co/NWeTu5vMkj
— Super Sushi Samurai | SSS (@SSS_HQ) March 21, 2024
The SSS team acknowledged the hack and informed that there was a bug in the token contract under the mint function. This weakness allowed an intruder to generate a large amount of SSS tokens and then flood the liquidity pool (LP) with them, which resulted in a steady drop in the token’s value.
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