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 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.

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.

Recent Posts

Degen Rollup Key Issue Forces Possible Chain Restart

Degen Rollup Key Issue: Conduit seized Degen’s L3 private key, causing 54 hours of downtime…

5 mins ago

Best Cryptos to Join Now: Experts Reveal Top Picks for Explosive Gains

As a wave of exciting developments continues to unfold in the crypto market, lots of…

12 mins ago

Binance Proof of Reserves Shows $120B in Assets Across 34 Tokens

Binance Proof of Reserves reveals $120 billion in assets across 34 tokens, showing growth in…

26 mins ago

WallitIQ (WLTQ) Emerges As The Best Cryptocurrency To Invest In For 100x Gains This Cycle

Discover how WallitIQ (WLTQ) emerged as the best cryptocurrency to invest in for 100x gains…

32 mins ago

Last Call for Crypto Traders: BlockDAG’s BULLRUN100 Bonus Nearing End! Get the Latest on BNB & TRON Price Dynamics

Explore the latest on TRON, insights on BNB prices, and how BlockDAG stands out as…

32 mins ago

Curve Finance Scam Continues to Reappear, Causing Concern for Users

A Curve Finance scam app resurfaced on Apple's App Store for the third time, continuing…

2 hours ago

This website uses cookies.