Crypto’s Greatest Houdini: Hacker Swipes 21M $S Despite Sonic’s Lockdown – Who Said Crypto Was Secure?

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So, it turns out that hackers are just as committed to upending the world of crypto as anyone else, if not more so. Welcome to the grand illusion of security-because who needs locks when you have a good magic trick?

  • In an astonishing feat of digital sleight-of-hand, a tech-savvy villain bypassed Sonic Labs’ wallet freeze and casually lifted 21 million staked $S tokens. Yes, twenty-one million-enough zeros to make your head spin, or at least make your bank manager faint.
  • This master of ceremonies used a little-known spell called Permit2-gasless, off-chain approval, no less-which basically means they didn’t even need to bother with the pesky blockchain approval process. Apparently, freezing wallets is just a friendly suggestion rather than a lock and key.
  • Meanwhile, the community, now looking more irritated than a cat in a bath, is grumbling about Sonic’s snail-paced response and the notion that everything’s just a teensy bit centralized-because who wouldn’t want a little more centralization when dealing with immutable blockchain magic?

In the ongoing saga of Beets Fi’s security peril, this audacious hacker-who previously made a guest appearance on November 3-has come back for more, effortlessly unfreezing wallets and making off with the loot like a back-alley magician with a penchant for thievery.

The breach happened right on Sonic’s blockchain, incidentally, which has led the stormy crowd of crypto enthusiasts to question whether Sonic Labs’ security system is more like a bowling ball than a fortress. Certainly not the kind of reputation boost anyone desires, unless you’re into losing sleep over your digital assets.

Hacker’s Houdini Act: 21 Million Tokens Vanish Into Thin Air

The villain, cleverer than your average street magician, reportedly used Permit2-a tool that made approving transactions as gasless as a Sunday morning-to unfreeze one of the wallets. From there, they casually transferred 21 million tokens, swapped them on Kyber Network for USDC, and then bridged this digital treasure trove straight to Ethereum-because why not leave a trail if you’re confident enough?

Sonic Labs initially froze two wallets a week ago in an attempt to keep the loot in place, but as any good magician knows, sometimes the trick just needs a little extra sleight of hand. The hacker’s finesse rendered the freeze meaningless, demonstrating that you can’t always put a lock on a pool of water, no matter how hard you try.

Fast But Not Fast Enough: Sonic’s Early Freeze Finds Itself Outpaced

It all started late at night, around 3:45 a.m. EST-because who doesn’t love waking up to a hacker’s midnight show? Sonic’s team announced on X (formerly Twitter, but let’s face it, still the same circus) that they had enacted a “protective” freeze to prevent further damage. Did it work? Well, apparently not, since the hacker just sidestepped their efforts and made their getaway.

The frozen wallets, with the cryptic tags “0xf19f…6bfae2” and “0x0453…be941c,” were pasted openly on SonicScan, hinting at transparency but perhaps lacking in security, at least when it counts. The community cried out about the apparent vulnerability-because everyone loves an underdog story, especially when the villain is so daring.

And that villain? Confirmed by influencer YankeeRuinX, who tweeted, “Welp guess that didn’t work as seems the hacker managed to transfer all the stolen funds an hour ago to a new address and has unloaded the 21M $stS plus other assets and bridged out to $ETH.” Got to hand it to them-they’re quick on their feet.

Another internet oracle, @HalscionRose, summed it up succinctly: “Sonic having a bad day. The hacker used a gasless permit function to ‘unfreeze’ his wallet, move the $stS balance & dump the loot.” Because if you’re going to make an escape, might as well go full throttle.

Sonic having a bad day

The hacker used a gasless permit function to “unfreeze” his wallet, move the $stS balance & subsequently dump it

To make matters worse, the $S trading pair on Solana has had a freeze warning slapped on it

Double whammy

– halscioN 🌹 (@HalscionRose) November 10, 2025

As the dust settles, the user community is squawking louder than a flock of upset parrots, demanding answers. Meanwhile, the Solana-based $S trading pair has now been declared a no-go zone-frozen and warning-ed, because integrity is just so last season in this game of digital peekaboo.

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2025-11-10 20:15