Solana privacy application SHDW possibly to lock user funds

SHDW-1,08%

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

Chinese DeepSeek AI Predicts the Price of XRP and Solana If the Clarity Act Doesn’t Pass in 2026

The CLARITY Act may fail to become law this year if it doesn’t pass committee by the end of April, according to Galaxy Digital research. The main battle is over stablecoin rewards, which banks say could drain deposits

CaptainAltcoin49m ago

SOL breaks through 90 USDT, 24-hour gain of 3.4%

Gate News, on March 15th, market data shows that SOL broke through 90 USDT, currently trading at 90.03 USDT, with a 24-hour gain of 3.4%.

GateNews3h ago

Solana Price Prediction for 2026: SOL and Ondo Forecasts Are Small Compared to the Massive 100x Growth DeepSnitch AI Offers While Congress Stalls

While lawmakers in Washington debate tax policies, many retail traders are left waiting and wondering how these decisions will affect the market. Because of this uncertainty, relying on a typical Solana price prediction can feel frustrating for investors hoping to grow their portfolios. At the

CaptainAltcoin6h ago

Solana Holds Near $84 as Chart Structure Points to Possible Move Toward $79–$77

Solana is currently trading at $84.94, which represents a 1.8% drop on a daily basis with the support level of about $84.52. The Fibonacci retracement range of $86.45- $87.95 is a significant recovery zone ahead of the resistance level of $88.54. The Elliott Wave projection suggests a

CryptoNewsLand7h ago
Comment
0/400
No comments