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    28 Feb 02:30 PM


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    Serenity Shield’s token falls nearly 99% after MetaMask wallet breach

    The Serenity Shield team said it is “actively working” to redeploy all liquidity to new token contracts and will replace any liquidity from the exploit.
    The token behind Serenity Shield, a self-described “crypto inheritance” solution, fell nearly 99% after around 6.9 million SERSH tokens worth $5.6 million at the time were swiped from one of the team’s MetaMask wallets.

    Serenity Shield confirmed the exploit in a Feb. 27 X post and informed its community it was suspending all trades, deposits and withdrawals of SERSH on centralized exchanges.

    SERSH would relaunch with a new token contract, the project said without disclosing a timeline.

    “This decision aligns with our commitment to responsibly safeguard the interests of our community and minimize exposure to the security incident,” it wrote.

    In the same post, Serenity Shield said it is “actively working” to redeploy all liquidity to the new smart contracts and will replace any liquidity from the exploit.

    Source - Coin Telegraph