Solana privacy application SHDW possibly to lock user funds

SHDW1,26%

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

Solana sets a record with $650 billion in stablecoin transactions in February

February saw record activity for stablecoins on the Solana blockchain, with a transaction volume of $650 billion, surpassing previous highs. Analysts from Grayscale noted Solana's strong position in retail stablecoin payments, amidst a shift from speculative trading to practical use cases.

TapChiBitcoin1h ago

Western Union Partners with Crossmint to Launch USDPT Stablecoin on Solana Blockchain

Western Union has entered into a partnership with blockchain infrastructure provider Crossmint to support the issuance and distribution of its USDPT stablecoin on the Solana network, targeting the first half of 2026 for launch.

CryptopulseElite1h ago

Western Union partners with Crossmint to launch, USDPT stablecoin challenges 6% cross-border remittance fees

Western Union will launch the USDPT stablecoin and integrate its wallet and payment API with Crossmint to support fund transfers on the Solana blockchain. This move aims to leverage 360,000 global payout points to improve remittance efficiency, targeting a market demand of $905 billion, and to address the challenges of traditional remittances with low-cost and instant settlement.

MarketWhisper1h ago

U.S. SOL spot ETF's total net inflow for the day is $19,063,700.

According to SoSoValue data, on March 4th, SOL spot ETF had a single-day net inflow of $19,063,700, with only Bitwise Solana Staking ETF(BSOL) contributing. The total net inflow in history reached $35,084,500. Currently, the total assets under management are valued at $900 million, with a cumulative net inflow of $971 million.

GateNews2h ago

Helius launches a toolkit for developing agents

Foresight News reports that Solana infrastructure provider Helius has launched a toolkit for developer agents. It includes Helius MCP server, Helius skill library, Helius command-line interface, and Helius Claude code plugin. Additionally, the team has optimized TypeScript and Rust.

GateNews2h ago

Western Union partners with Crossmint to advance the launch of its stablecoin USDPT on Solana

Western Union partners with Crossmint to issue USDPT stablecoin on the Solana blockchain and connect it to the global payment network. This collaboration will enable the exchange of digital US dollars with local currencies, expected to launch in 2026.

GateNews2h 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)