730 million Somesing tokens stolen, trading support ended
On 27 January 2024, Somesing had 730 million SSX tokens worth around 18 billion won stolen in a hack. A problem of excess circulation relative to the planned supply then arose, and the token was designated for investment caution over security issues. As the excess circulation, business sustainability and investor protection issues remained unresolved, South Korean exchanges decided to end trading support.
Key facts
- Affected organisation
- Somesing
- Incident type
- Hacking & intrusion
- Occurred / detected
- 2024-01-27
- Scale of damage
- 730 million SSX tokens, worth around 18 billion won
- Cause / method
- Theft of SSX tokens through hacking
- Location
- South Korea
If your data was exposed
Exposed dataCrypto assets
- Check login and withdrawal history in your exchange app, and turn on withdrawal address whitelisting and withdrawal delays.
- If you’ve suffered harm, report it. Call 118 (no area code) for privacy violations, contact the police for financial losses, and apply for dispute mediation to seek compensation.Personal Information Infringement Report Centre ↗Korean National Police Agency cybercrime report ↗Personal Information Dispute Mediation Committee ↗
Timeline
- 730 million SSX tokens worth around 18 billion won were stolen in a hack.
- South Korean exchanges decided to end trading support for Somesing, and its price plunged by nearly 60%.
- Concerns were raised about the excess circulation resulting from the token theft and the aftermath of the decision to end trading support.
3 related reports
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.