A cyberattack occurred on Saturday against Somesing, a unique karaoke platform in South Korea powered by blockchain technology. The platform declared that it has lost 730 million, or $11.58 million, of its native coin, SSX.
A total of 226 million SSX held by the Somesing Foundation and 504 million SSX tokens scheduled for distribution by the end of 2025 were among the compromised amounts.
Professional hackers that specialize in stealing virtual assets are thought to be behind the attack; no Somesing team member appears to have been involved.
Somesing intends to contact Interpol in the case after reporting the event to the National Police Agency for inquiry.
To track out the attackers, the site is collaborating with the Klaytn Foundation and Uppsala Security, a cybersecurity company that is a partner of Interpol. Somesing plans to freeze the stolen funds and take legal action after discovering the culprit.
Using the Klaytn blockchain, Somesing incentivizes users to submit their karaoke recordings by rewarding them with tokens. These tokens are the result of contributions made by other users in support of their preferred karaoke artists.
Of the tokens donated, 60% are given to the singers and 20% are given to Somesing. The remainder is split between community upkeep and copyright costs.