Released a Week Ago, This Altcoin Lost 99 Percent of Its Value After a Hack

A gaming token on the Layer-2 network Blast was hacked, causing a loss of $4.6 million. According to an announcement made on the token’s Telegram channel, the attack occurred less than a week after the token was launched.

The project, called Super Sushi Samurai, launched its SSS token on March 17 and was planning to launch the game today. However, an unknown party exploited a vulnerability in the smart contract’s mint functionality and sold the tokens directly to the SSS liquidity pool.

Super Sushi Samurai cryptocurrency team acknowledged the attack in their statement on Telegram and said, “We were attacked, it is related to the minting process. We are still investigating the code. Tokens were printed and sold to LP.”

Interestingly, the attacker in question attempted to contact the team by posting a BlastScan message, describing the incident as a “white hat recovery” hack. The team suggested the hacker work together to refund users. The Super Sushi Samurai team confirmed that they were in contact with the attacker.

*This is not investment advice.