Serenity Shield, a provider of "crypto inheritance" services, is recovering from a significant security breach where 6.9 million SERSH tokens, valued at $5.6 million, were stolen from a team member's MetaMask wallet, causing a nearly 99% drop in token value.

To address the breach, the team plans to transfer all liquidity to new token contracts and ensure replacement of any affected liquidity.

They promptly notified the community of the incident, halting all trades, deposits, and withdrawals of SERSH on centralised exchanges, and announced intentions to introduce a new token contract without specifying a relaunch date.

This downtime is essential for a secure transition and to prevent further vulnerabilities. Serenity Shield's proactive response demonstrates its commitment to protecting users' assets and restoring community trust post-incident.