Serenity Shield, a project aiming to solve “crypto inheritence”, has been hacked. Although the project prominently claims to help “ensur[e] your financial and personal security”, they seem to have some trouble ensuring their own.An attacker stole 6.9 SERSH tokens from a MetaMask wallet belonging to the project. Although the tokens were ostensibly priced at $5.6 million, the thief was only able to sell them for around $586,000.Serenity Shield confirmed the breach, and encouraged people to stop trading $SERSH as they planned to relaunch the token. “Rest assured, we are deploying all necessary safety measures to ensure a foolproof system,” they wrote. This time it will be secure, they promise.The team also sent a message to the hacker, offering a 15% “bounty” and a promise not to pursue legal action in exchange for the return of the stolen funds.According to crypto sleuth zachxbt, the attack seems to be linked to exploits of OKX (December 2023) and Concentric (January 2024).

Total loss estimated at $586,000.