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Newly Issued Gaming Token Exploited on Blast With $4.6M Drained

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Newly Issued Gaming Token Exploited on Blast With $4.6M Drained

  coindesk.com  + 1 more 15 h

Newly Issued Gaming Token Exploited on Blast With $4.6M Drained

A total of $4.6 million was lost, according to CertiK.

The exploit was related to the smart contract’s mint function.

The token has lost more than 99% of its value.

A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token’s Telegram channel.

The project, named Super Sushi Samurai, released its SSS token on March 17 and had planned to introduce the game today. However, an unknown entity exploited a vulnerability in the smart contract’s mint function before selling tokens directly into the SSS liquidity pool.

«We have been exploited, it’s mint related. We are still looking into the code. Tokens were minted and sold into the LP,» the team wrote on Telegram.

Blockchain security firm CertiK said that a total of $4.6 million was affected by the exploit.

The exploiter has attempted to contact the team, describing the event as a «white hat rescue» hack, in a BlastScan message. «Let’s work on reimbursing users,» they added.

«We are in touch with the exploiter,» the Super Sushi Samurai team wrote on X.

SSS lost more than 99% of its value after the the exploiter sold the tokens, according to CoinGecko.

The Blast mainnet went live last month after receiving $2.3 billion in deposits. It is now one of the largest layer-2 networks, with $1 billion in total value locked (TVL), DefiLlama data shows.

UPDATE (March 21, 16:08 UTC): Adds quote from Super Sushi Samurai team.

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