Solana privacy application SHDW possibly to lock user funds

SHDW-4,35%

PANews January 13 News, according to Cryptopolitan, a newly launched Solana-based application SHDW may pose risks, as users report being unable to withdraw funds after deposit and unable to contact customer service. The app focuses on private transaction features, promising to enable private and front-running resistant operations through the Jupiter aggregator, but its “Unblock” button is currently unusable, resulting in initial deposits being unrecoverable. SHDW has received significant promotion on social media, with a token issuance originally scheduled for 20:00 UTC. The app was released and tested during the Solana Privacy Hackathon, but its security and actual privacy protection level have not yet been verified. Although SHDW plans to introduce features such as X402 standard transactions, prediction markets, and data filtering in the future, currently only Swap and wallet browser extensions are available.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Did an AI robot also "slip up"? A tipping mistake ended up sending $440,000 worth of tokens to a struggling online user.

An AI trading robot developed by an engineer, "Lobstar Wilde," mistakenly transferred all 440,000 USD worth of LOBSTAR tokens, originally intending to tip a user in need of medical funds with just 4 SOL. The incident drew widespread attention. Although the nominal value was high, the actual benefit ended up being lower than expected, and some users questioned whether this event was a marketing stunt.

区块客11m ago

Solana Drops 40% in a Month as Whales Open Aggressive Long Positions

Solana has suffered a sharp correction in recent weeks, falling nearly 40% over the past month and more than 54% since its January peak. The broader trend remains clearly bearish, and most derivatives traders continue positioning for further downside. Yet beneath the surface, a different narrative i

ICOHOIDER1h ago

X Product Manager: Will utilize all tools to combat bots and undisclosed AI accounts, ensuring the authenticity of the "Global Square"

Nikito Bier, head of the social platform X, stated that the platform will take measures in the AI era to combat bot accounts and undisclosed AI-generated content to maintain users' perception of human authentic expression. X will evolve its product design and policies to ensure the platform's authenticity and credibility.

GateNewsBot4h ago

Solana at risk of a plunge: Why hasn't SOL's bottom yet revealed itself?

The Real World Asset (RWA) ecosystem on Solana has reached a significant milestone with $1.66 billion tokenized, indicating strong growth. However, despite increased on-chain activity and financial institutional involvement, SOL's price remains in a long-term downtrend, with bearish signals persisting.

TapChiBitcoin5h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)