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.
