Super Sushi Samurai Endures $4.6 Million Setback After White Hat Hack, SSS Token Plummets 99%

GameFi project Super Sushi Samurai The attack targeted the Layer 2 network called Blast within the Telegram app, exploiting a vulnerability that allowed for the theft of $4.6 million shortly after the SSS token was launched. This could be traced back to an issue in the minting capabilities of the smart contract.

This security vulnerability was detected by CertiK, a blockchain analytics firm, which took to social media platform X to report the situation, saying, \"We noted an incident revolving around @SSS_HQ on Blast. Contract: 0xdfDCdbC789b56F99B0d0692d14DBC61906D9Deed. Approximately $4.6 million has been compromised.\"

Later, Super Sushi Samurai acknowledged the breach, clarifying that it stemmed from minting issues. They disclosed that an inquiry into the code is underway, revealing that tokens were created and subsequently sold into the liquidity pool. The aftermath saw the SSS token's value plunge by over 99%.

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A developer from Yuga Labs, known as Coffee, pointed out a flaw in the token contract that enabled users to effectively double their holdings by transferring their entire wallet balance back to themselves. Allegedly, the attacker capitalized on this flaw, doubling their assets and draining liquidity from the platform. decentralized exchanges The attacker then liquidated the freshly minted tokens for 1,310 wrapped Ethereum (ETH), amounting to $4.6 million.

However, it appears that the funds might not be completely lost. The attacker reached out to the Super Sushi Samurai team, claiming that their actions were a form of 'white hat rescue' and they were willing to help compensate the impacted users.

Exploitations and rug pull incidents plague the Blast Network.

Super Sushi Samurai operates on the Blast network The platform operates via Telegram, providing rewards through a mix of trading taxes, rebates from on-chain transaction fees generated on Blast, and returns derived from the ETH liquidity provider pool.

As an EVM-compatible scaling solution employing Optimistic Rollups, Blast lays out a native yield model for both ETH and stablecoins, offering an enticing annual passive income ranging from 4-5%. Since its launch earlier this month, Blast has successfully made over $2.3 billion in assets available for users to withdraw. mainnet launch Nonetheless, this widely used network has caught the eye of not only genuine users and developers but also those with malicious intent.

Recently, SlowMist, a blockchain security company, flagged multiple reports regarding staked Ethereum (stETH) that was hacked and transferred across to the Blast mainnet. The confirmed losses have surpassed 100 stETH, with suspicions that the victims' mnemonic phrases or private keys were compromised, facilitating the attackers' actions on the Blast mainnet.

In a separate occurrence, the Blast ecosystem faced............ stolen Noteworthy is the incident involving a rug pull event where an anonymous account, identified as RiskOnBlast, which claimed to represent a gambling and exchange platform, successfully raised 420 ETH — roughly $1.3 million — from investors before mysteriously vanishing.

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