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.
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 Price Struggles Near $80 Amid Bearish Pressure and Key Support Levels
Solana's price struggles near key support levels of $67–$70, with risks of further decline to $62. Resistance remains at $95–$101. A reduction in open interest indicates a more neutral market sentiment, as traders await clearer signals for direction.
CryptoFrontNews1h ago
RWA Market on Solana Hits $1.66B All-Time High, a 90.1% Month Growth
Solana has climbed to a new all-time high in tokenized assets in TVL (Total value locked), now sitting at $1.66 billion.
Tokenized assets are real-world assets (RWAs) that have been digitized on-chain using blockchain technology. Tokenization allows the value of real assets such as properties (real
BlockChainReporter2h ago
Solana Company Stock Rises After Enabling Custody-Preserving Loans on Staked SOL
Solana Company’s stock has surged 23% after announcing that it will allow institutions to borrow against their natively staked SOL.
The SOL will be held in secure custody by Anchorage Digital, but holders will earn staking yield through the Solana lending protocol Kamino.
The Solana Company,
CryptoNewsFlash9h ago