{"id":162379,"date":"2024-02-28T14:05:43","date_gmt":"2024-02-28T14:05:43","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=162379"},"modified":"2024-02-28T14:05:48","modified_gmt":"2024-02-28T14:05:48","slug":"token-crashes-99-in-minutes-after-security-breach","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/token-crashes-99-in-minutes-after-security-breach\/","title":{"rendered":"Token Crashes 99% in Minutes After Security Breach"},"content":{"rendered":"
TL;DR<\/p>\n
Serenity Shield, a platform known for its secure data storage solution, was involved in a dramatic security incident that heavily impacted its native token, SERSH<\/strong>. Within minutes, the token’s value plummeted<\/a> by 98% after approximately 6.9 million tokens<\/strong>, valued at $5.6 million, were stolen from the team’s MetaMask<\/a> wallet.<\/strong><\/p>\n In response to this situation, the Serenity Shield team took immediate measures to protect the interests of the community and restore confidence in the project. They announced the suspension of all trading, deposit, and withdrawal operations of SERSH on centralized exchanges<\/strong>, while they work on implementing a new contract for the token.<\/p>\n \ud83d\udea8 Security Alert & Serenity Shield's Response \ud83d\udea8<\/p>\n Today, a MetaMask wallet related to our project was compromised. Consequently, we're taking immediate steps to address this and support our community:<\/p>\n \u270b Stop Trading on PancakeSwap: As previously communicated, please halt all\u2026<\/p>\n — Serenity Shield (@SerenityShield_) February 27, 2024<\/a><\/p><\/blockquote>\n\n