The South Korean karaoke blockchain platform, experienced a significant blow as it fell victim to a cyber heist, losing access to 730 million SSX tokens, equivalent to $11.58 million. The breach, reported on January 27, revealed that among the stolen tokens, 504 million were unallocated and were slated for circulation by the end of 2025, while 226 million were part of the platform’s fund. This unauthorized access led to 489 million SSX tokens circulating beyond the original supply plan by the end of January 2024.
The Somesing team swiftly responded to the incident, making it clear that none of its members were involved in the hack. They attributed the attack to professional hackers specializing in virtual asset theft. To address the situation, the platform engaged law enforcement, with the police investigating the breach. The collaboration extended to the Klaytn Foundation, the blockchain organization on which Somesing operates, and Uppsala Security, a partner of Interpol, intensifying efforts to identify and apprehend the responsible parties. Major South Korean exchanges, in response, suspended SSX deposits and withdrawals to contain the impact of the breach.