🚨 SECURITY ALERT: Solido reports a major exploit involving $SUPRA.
Attackers have reportedly drained 293.7 million $SUPRA, worth approximately $900,000.
According to reports:
🔹 Around 220 million $SUPRA has been routed to a suspected Gate deposit address.
🔹 Nearly 90% of the stolen tokens are believed to have belonged to the Supra Foundation, rather than individual users.
The exploit adds more pressure to an already struggling ecosystem.
📉 Supra's on-chain TVL has now fallen to just $950,000, while the token remains down 94% over the past year.
For traders, this is a serious development.
Large security breaches often damage investor confidence and can lead to increased selling pressure until the team provides clarity on fund recovery and security measures.
The market will now be watching for:
- An official response from the Supra team.
- Whether exchanges freeze the flagged funds.
- Any recovery or compensation plan for affected assets.
Security incidents don't just impact price—they impact trust.
#SUPRA #Crypto #Security #DeFi #Blockchain