Unleash Protocol, a decentralized finance (DeFi) project within the Story Protocol ecosystem, recently reported an unauthorized activity that led to the loss of user funds. On December 30, an external address appears to have manipulated the protocol’s multi-signature governance mechanism, executing an unauthorized smart contract upgrade that enabled unapproved withdrawal and transfer of assets held by the platform. Affected digital assets included WIP, USDC, WETH, stIP, and vIP, which were moved to external addresses through third-party cross-chain infrastructure as part of the breach. The confirmed financial impact of the incident is approximately $3.9 million in stolen assets. In response, Unleash Protocol has paused all #operations and is working with security experts to investigate the breach and understand how the governance permissions were compromised. The protocol clarified that this issue originated from its own governance framework, and there’s no indication that the broader Story Protocol infrastructure or validators were affected.#BinanceAlphaAlert #Binance #ProtectYourAssets