The Shido blockchain, a proof-of-stake project, suffered an attack that resulted in billions of its native Shido token being stolen. The incident caused the Shido token to depreciate by 94% in just 30 minutes.
- More than 4.3 billion Shido tokens were lost in the attack, representing almost half of their circulating supply, worth about $35 million before the price crash.
- The attack was discovered by blockchain security company PeckShield, which reported that an attacker was able to gain control of the Ethereum Shido staking contract.
- The Shido token price has recovered slightly from the attack and is currently at $0.002056, down 74.6% in the last 24 hours, according to CoinGecko.