South Korean Web3 Music Service Somesing Loses $11.58 Million in Token Exploit
Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million.
In a recent Medium post, the platform revealed that 730 million of its native token SSX had been compromised.
The attack targeted 504 million undistributed SSX tokens, which were initially planned for circulation by the end of 2025, as well as 226 million SSX tokens held by the Somesing foundation that were already in circulation.
Somesing confirmed that the hack was not perpetrated by any member of its team and speculated that it was carried out by professional hackers specialized in targeting virtual assets.
In response to the breach, Somesing said it has reported the incident to the National Police Agency and intends to involve Interpol in the investigation.
The company is working closely with the Klaytn Foundation, a local blockchain entity, and Uppsala Security, a firm partnered with Interpol, to track down the attackers.
Once the perpetrators are identified, Somesing plans to freeze the stolen assets and pursue legal action.
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