Summary
TLDR: Altcoin Super Sushi Samurai (SSS) experienced a security breach, leading to a 99% decrease in market value and a $4.6 million loss. The breach was related to the minting process, but was described as a white hat rescue operation by Certik. The SSS team has halted token transfers and is investigating the exploit. The incident highlights the importance of security in the cryptocurrency market.
Key Points
1. Super Sushi Samurai (SSS), a newly launched altcoin, has suffered a significant security breach resulting in a 99% decrease in market value and a $4.6 million loss.
2. The breach was first detected and announced by Certik, a leading security firm specializing in blockchain technology, and involved a white hat rescue operation to prevent further damage.
3. The Super Sushi Samurai team responded by halting all token transfers, launching an investigation into the exploit related to the minting process, and communicating with the exploiter to address the incident.