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News

Blast Game Project Was Hacked, Leading to $4.6 Million In Losses

March 21, 2024 - Around 2 mins mins to read

Key Points:

  • The Blast game project Super Sushi Samurai lost $4.6 million within days of launch due to a smart contract exploit.
  • An unknown actor exploited a vulnerability, flooding the SSS liquidity pool, prompting a response from the project team and a “white hat” hacker.
  • The hacker intervened, rescuing $4.6 million, but the incident underscores ongoing security challenges in the crypto space.
A blockchain game on the layer-2 network, Blast, suffered a devastating exploit just days after its launch, resulting in a loss of $4.6 million, as announced by CertiK.
Blast Game Project Was Hacked, Leading to $4.6 Million In Losses
Blast Game Project Was Hacked, Leading to $4.6 Million In Losses 2

Blast Game Project Exploited: $4.6 Million Lost

The Blast game project, dubbed Super Sushi Samurai, unveiled its SSS token on March 17, with plans for the game’s official launch today.

The exploit, targeting a vulnerability in the smart contract’s mint function, saw an unidentified entity minting tokens and immediately dumping them into the SSS liquidity pool, causing the token’s value to plummet by over 99%, according to CoinGecko.

In response to the breach, the Blast game project team took to Telegram, acknowledging the exploitation and affirming ongoing efforts to analyze the code for further insights. Meanwhile, the exploiter reached out to the team, framing the incident as a “white hat rescue” hack and proposing to collaborate on compensating affected users.

The exploit took advantage of a flaw in the smart contract, enabling the attacker to inflate token balances and subsequently flood the liquidity pool with sell orders. Notably, a similar incident occurred last month, amplifying concerns over security in the crypto space.

White Hat Hacker Intervenes in Blast Game’s Security Breach

In a recent development, the hacker intervened to mitigate the damage, rescuing $4.6 million worth of assets. This intervention involved the hacker exploiting the vulnerability to double their tokens through a token transfer.

Such exploits are not uncommon in the crypto sphere, especially on nascent networks like Blast, which recently went live and quickly attracted significant attention, with nearly $2.4 billion in TVL shortly after its launch.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Blast

Blast Game Project

Layer 2

SSS

Super Sushi Samurai

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Blast Game Project Was Hacked, Leading to $4.6 Million In Losses

Key Points:

  • The Blast game project Super Sushi Samurai lost $4.6 million within days of launch due to a smart contract exploit.
  • An unknown actor exploited a vulnerability, flooding the SSS liquidity pool, prompting a response from the project team and a “white hat” hacker.
  • The hacker intervened, rescuing $4.6 million, but the incident underscores ongoing security challenges in the crypto space.
A blockchain game on the layer-2 network, Blast, suffered a devastating exploit just days after its launch, resulting in a loss of $4.6 million, as announced by CertiK.
Blast Game Project Was Hacked, Leading to $4.6 Million In Losses
Blast Game Project Was Hacked, Leading to $4.6 Million In Losses 4

Blast Game Project Exploited: $4.6 Million Lost

The Blast game project, dubbed Super Sushi Samurai, unveiled its SSS token on March 17, with plans for the game’s official launch today.

The exploit, targeting a vulnerability in the smart contract’s mint function, saw an unidentified entity minting tokens and immediately dumping them into the SSS liquidity pool, causing the token’s value to plummet by over 99%, according to CoinGecko.

In response to the breach, the Blast game project team took to Telegram, acknowledging the exploitation and affirming ongoing efforts to analyze the code for further insights. Meanwhile, the exploiter reached out to the team, framing the incident as a “white hat rescue” hack and proposing to collaborate on compensating affected users.

The exploit took advantage of a flaw in the smart contract, enabling the attacker to inflate token balances and subsequently flood the liquidity pool with sell orders. Notably, a similar incident occurred last month, amplifying concerns over security in the crypto space.

White Hat Hacker Intervenes in Blast Game’s Security Breach

In a recent development, the hacker intervened to mitigate the damage, rescuing $4.6 million worth of assets. This intervention involved the hacker exploiting the vulnerability to double their tokens through a token transfer.

Such exploits are not uncommon in the crypto sphere, especially on nascent networks like Blast, which recently went live and quickly attracted significant attention, with nearly $2.4 billion in TVL shortly after its launch.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.