This altcoin fell 99% after the security breach

Super Sushi Samurai (SSS), a newly launched altcoin, has suffered a major security breach.

As of the latest update, the market value of SSS has dropped to $0.00000000002239, a whopping 99% drop. Similarly, the 24-hour trading volume fell to $9,570.9.

Altcoin Super Sushi Samurai (SSS) has been exploited

The breach was first reported by Certic, a leading security firm built on blockchain technology. According to Sertic, the Super Sushi Samurai Token has experienced a critical event during its breakout stage. It resulted in a substantial loss of approximately $4.6 million.

While the breach was shocking, Sertik explained that the incident involved a white hat rescue operation. The organization pointed out that the action taken was aimed at preventing further damage rather than using the system for malicious purposes.

The Super Sushi Samurai team quickly responded to the problem by halting all token transfers and conducting a thorough investigation into the exploit, which is related to the creation process.

“Pausing and investigating token transfers. Exploited. It's related to Mint. We're still looking for the code,” the team said.

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Efforts are being made to speak with the abuser. This event shook the cryptocurrency market, reminding investors of the high importance of security.