Serenity Shield project wallet was stolen with 6.9 million SERSH worth approximately US$5.6 million
The token SERSH of the "cryptocurrency inheritance" solution Serenity Shield has dropped by nearly 99%, with 6.9 million SERSH (worth $5.6 million) stolen from a MetaMask wallet belonging to the team. Serenity Shield confirmed the vulnerability in a post on February 27 and informed its community that it would suspend all trading, deposits, and withdrawals of SERSH on centralized exchanges. Serenity Shield stated that it is working to redeploy all liquidity to a new smart contract and will replace any liquidity from the vulnerability. The vulnerability occurred at 9:11 am (UTC) on February 27. SERSH will be relaunched with a new token contract, but no timetable has been disclosed. According to CoinGecko, the price of SERSH showed a downward trend for about 5 hours, then suddenly dropped from $0.565 to $0.009 in 5 minutes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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