Wu said that Unleash Protocol announced that its smart contract experienced unauthorized activity, resulting in user funds being withdrawn and transferred. Preliminary investigations show that an external address gained management rights through Unleash's multi-signature governance mechanism and executed an unauthorized contract upgrade, triggering unapproved asset withdrawals. Currently confirmed affected assets include WIP, USDC, WETH, stIP, and vIP. The related assets were subsequently transferred to external addresses via third-party cross-chain infrastructure. Unleash stated that the incident originated from its own governance and permission framework, with no evidence indicating that the Story Protocol's contracts, validators, or underlying infrastructure were affected. The scope of impact appears to be limited to Unleash-related contracts and management permissions. All protocol operations have been suspended.