The $3.9M theft involving WIP, USDC, WETH, stIP, and vIP followed a malicious upgrade, prompting cross-chain asset transfers and a full operational pause during audits.
Unleash Protocol reported a $3.9 million loss after an unauthorized smart contract upgrade allowed the theft of WIP, USDC, WETH, stIP, and vIP tokens. The stolen assets were transferred cross-chain to external addresses. Protocol operations have been paused while investigations and audits proceed. Story Protocol, the broader network on which Unleash operates, remains unaffected by the incident.