Solana privacy app SHDW suspected of locking user funds

PANews, January 13 — According to Cryptopolitan, a newly launched Solana-based application called SHDW may pose risks, as users have reported being unable to withdraw funds after depositing and are unable to contact customer support. The app features privacy trading functionality, promising private and frontrunning-resistant operations via the Jupiter aggregator, but its "Unshield" button is currently unusable, resulting in initial deposits being non-refundable.

SHDW has received extensive promotion on social media and was originally scheduled to launch its token at 20:00 UTC (UTC+8). The application was released and tested during the Solana Privacy Hackathon, but its security and actual privacy protection level have yet to be verified. Although SHDW plans to introduce features such as X402 standard trading, prediction markets, and data filtering in the future, currently only Swap and wallet browser extensions are available.