Somesing, South Korean Web3 Social Music Service, Faces Attack with $11.58 Million Loss
South Korean Web3 social music service Somesing announced that it suffered a security breach last Saturday,What industry is blockchain resulting in a loss of 730 million native tokens (SSX), approximately $11.58 million. This includes 504 million undistributed SSX tokens scheduled to circulate by the end of 2025 and 226 million SSX held by the Somesing Foundation, which are already part of its current circulation.
Somesing stated, “It has been confirmed that this hacking incident is not related to any member of the Somesing team. Considering the method of the attack, it may have been carried out by professional hackers who specialize in attacking virtual assets.” The platform has reported the hacking incident to the National Police Agency, initiating an investigation, and has pledged to inform INTERPOL.
Somesing is working with the local blockchain entity Klaytn Foundation and international law enforcement partner Uppsala Security to track the attackers. The platform plans to freeze relevant assets and take legal action once the perpetrators are identified.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Related Recommendations
- Hedera (HBAR) Price Breaks Trendline With Eyes on $0.30 Target
- BTC Miner Revenue Hits $1.59 Billion in December 2023; GBTC Daily Average Trading Volume Up by 63.4%
- Hector Network Liquidation Redemption Contract Suspected to Be Attacked
- Binance Announces Launchpool's 42nd Project: Sleepless AI (AI)
- Matrixport Establishes Strategy XAUm Reserve, Remains Bullish on the Future of Tokenized Real
- Multiple Korean Institutions Engaged in the Investigation of Orbit Bridge Security Incident
- GAMEE Token: Security Incident Unfolds for GMEE Token
- Blockfence: Over 1,300 Cryptocurrency Scams Have Stolen $32 Million Since April 2023