Sonic Labs Hack: Hacker Bypasses Wallet Freeze, Moves 21 Million $S Tokens

A security breach at Sonic Labs has exposed a vulnerability that allows hackers to bypass the company’s wallet freeze and move stolen funds. The exploit involved the use of a gasless Permit2 function to unlock one of the frozen wallets and transfer 21 million staked $S tokens. This occurred on the Sonic blockchain despite the initial wallet freeze, leading to community criticism over the alleged security flaw and delayed response from the company.