The Serenity Shield deployer wallet was compromised via spear-phishing attack, allowing attackers to access private keys. The attacker then transferred 6.9M SERSH tokens valued at $5.6M at the time, but only realized $586K after selling on available liquidity.

Blockchain data storage protocol Serenity Shield tweeted that the MetaMask wallet associated with the project has been compromised. According to blockchain detective ZachXBT, Serenity Shield was robbed of 6.9 million SERSH tokens, valued at approximately $5,600,000.