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On February 29, 2024, the Shido blockchain's Ethereum staking contract, recently upgraded, was exploited, leading to a loss of approximately $35 million worth of SHIDO tokens, precisely 4,353,473,223.864904 SHIDO. This amount represents nearly half of the token's circulating supply. Following the exploit, the value of Shido's token plummeted by 94% in just 30 minutes. The exploiter managed to withdraw over 4.3 billion SHIDO tokens. Additionally, it was reported that $2.4 million in ETH and $1.2 million in SHIDO tokens were stolen. The security breach has raised concerns within the cryptocurrency community, especially since the exploiter still possesses a large amount of SHIDO tokens.
Today, on Feb 29, Shido blockchain’s Ethereum staking contract has been exploited for ~💰$35m worth 4,353,473,223.864904 $SHIDO. This number of SHIDO tokens drained out by the exploiter happens to be around half of the current circulating token supply of the token, which is 9… https://t.co/8b9uF9z2Fy
⚠️ #Shido's token plunges 94% in 30 mins after an exploit on its #Ethereum staking contract. Over 4.3 billion tokens withdrawn by attacker, nearly half the circulating supply. $SHIDO https://t.co/Ihrl3KgfNt
A security breach on the layer-1 blockchain Shido has led to a dramatic drop in its token value, plunging by over 90% within a mere half-hour period https://t.co/mMjPGBpiUD
