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Shido Token Plummets 94% in Exploit, Investigation Underway

Shido, the layer-1 blockchain platform, witnessed a staggering 94% drop in its native token’s value within just 30 minutes, plunging from $0.007985 to $0.0002967. The tragic collapse came in the wake of a severe exploit detected in its Ethereum-based staking contract. The security firm PeckShield raised the alarm on Thursday

February 29, 2024 1 min read