On Saturday, Somesing, a special karaoke platform in South Korea that operates on blockchain technology, fell victim to a cyberattack. The platform announced that it lost 730 million of its native token, SSX, equivalent to $11.58 million.
The compromised amount included 504 million SSX tokens that were intended for distribution by the end of 2025 and 226 million SSX held by the Somesing Foundation, which were already in circulation.
The attack is believed to be the work of professional hackers specializing in virtual asset theft, and there is no indication of involvement from any Somesing team member.
Somesing has reported the incident to the National Police Agency for investigation and plans to involve Interpol in the case.
The platform is actively working with the Klaytn Foundation and the cybersecurity firm Uppsala Security, an Interpol partner, to trace the attackers. Upon identifying the responsible party, Somesing intends to freeze the stolen assets and pursue legal action.
Major South Korean crypto exchanges, including Upbit, Bithumb, and Coinone, have halted deposit and withdrawal of SSX at Somesing’s request, warning users of aggravated price volatility due to the security breach.
Somesing operates on the Klaytn blockchain and encourages users to upload their karaoke recordings by offering them tokens as rewards. These tokens come from donations made by other users who support their favorite karaoke performers.
Singers receive 60% of the donated tokens, while 20% goes to Somesing. The remaining portion is divided into copyright fees and maintaining the community.
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