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Gaming Token Hit by $4.6 Million Exploit on Blast Network

Key Takeaways

  • The Super Sushi Samurai (SSS) gaming token on the Blast Layer-2 network was exploited due to a smart contract vulnerability, leading to a loss of $4.6 million.
  • An exploiter leveraged this vulnerability for unauthorized token minting and subsequent sale, drastically reducing the token's value by 99%.
  • The Super Sushi Samurai team is working with the exploiter to safely return the funds.
Gaming Token Hit by $4.6 Million Exploit on Blast Network

The Super Sushi Samurai (SSS) gaming token launched on the Blast Layer-2 network suffered a security breach, resulting in the theft of $4.6 million.

The exploit occurred less than a week after the token's debut, as shared through the project's Telegram channel.

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Introduced on March 17, the Super Sushi Samurai project planned to launch its game when an unidentified individual exploited a vulnerability in the SSS token's smart contract.

This flaw allowed an unauthorized minting of tokens, which were then sold in the token's liquidity pool, causing a drastic drop of 99% in value, as per CoinGecko.

A Yuga Labs developer discovered that the exploit occurred because of a bug in the token contract that doubled the balance of users who transferred their entire holding to themselves, draining the liquidity pool.

In response to the incident, the project team stated they were trying to scrutinize the code for a resolution. Shortly after, they announced working with the exploiter to safely return the funds.

This security breach came in the wake of the launch of Blast's mainnet, which quickly escalated the network to the status of the fourth-largest Layer-2 network.

As the team works to address the breach and possibly compensate the affected users, the incident serves as a reminder of the importance of security measures and prompt responses to emerging threats.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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