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CAT Protocol Resolves Exploit Attempt Without User Losses
The CAT Protocol team recently addressed an exploit that allowed an unknown actor to create and sell unauthorized OPCAT tokens. Despite the severity of the issue, swift action and robust measures ensured that no user funds were lost, and the protocol remains secure.
On January 12, community members reported a suspicious wallet that had been consistently selling 50,000 OPCAT tokens daily since December 15. Upon receiving the information, the team quickly looked into the situation and identified a vulnerability exploited by the bad actor. It was revealed that 1.2 million tokens had been fraudulently generated and sold, leading to a decline in the token’s market price.
To address the issue, the CAT Protocol team immediately paused all OPCAT trading on exchanges and implemented a hotfix to prevent further token inflation. Working alongside their security partner, SlowMist, they also took steps to safeguard
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