What Happened? The token for the layer-1 blockchain Shido plummeted by as much as 94% today (29th Feb 2024) due to an exploit on its Ethereum-based staking contract. Blockchain security firm PeckShield alerted its followers to the drop and explained that an exploiter transferred the blockchain’s Ethereum staking contract to another address, then upgraded the contract with a hidden function to withdraw staked tokens.
Hack Alert - SHIDO Exploited For $35M
Hack Alert - SHIDO Exploited For $35M
Hack Alert - SHIDO Exploited For $35M
What Happened? The token for the layer-1 blockchain Shido plummeted by as much as 94% today (29th Feb 2024) due to an exploit on its Ethereum-based staking contract. Blockchain security firm PeckShield alerted its followers to the drop and explained that an exploiter transferred the blockchain’s Ethereum staking contract to another address, then upgraded the contract with a hidden function to withdraw staked tokens.