SHDW app on Solana faces serious allegations of locking user funds without withdrawal options or customer support, casting a shadow over the network's privacy ambitions during its ongoing hackathon.

Amid the rising narrative of privacy in the Solana ecosystem, a new privacy application called SHDW has become embroiled in significant controversy on the eve of its TGE on January 12. The app promises to provide users with private transactions and transfers, but early testers reported that its core "unmasking" feature failed, resulting in deposited funds being unrecoverable, and there was a complete lack of effective customer support. Although SHDW previously conducted large-scale promotion through influencers and was included in the ongoing Solana Privacy Hackathon project list (deadline January 30), its technical feasibility and project legitimacy have been seriously questioned. This incident serves as a safety warning for the currently hot blockchain privacy sector, revealing the potential risks of fund custody and smart contract vulnerabilities faced by users in pursuit of transaction anonymity. Currently, the SOL price, under the overall expectation of privacy ecosystem development, has once surged to $141.23.