Cypher Protocol, a Solana-based futures DEX, has been forced to pause its smart contract in the wake of an exploit that resulted in a loss of more than $1 million.
The Why
Late last night, Cypher’s devs announced that they had suffered a “security incident”, resulting in the need to pause their smart contract until a post-mortem was carried out. An appeal to the hacker was also made, promising a discussion on the next steps should the bad actor care to reply.
Cypher has has experienced an exploit/security incident. The smart contract has been frozen.
The team is currently working with individuals and investigating
To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps.
— cypher ©️ (@cypher_protocol) August 7, 2023
The exchange’s mission, which is proudly stated in Cypher Protocol’s Twitter bio, was also cause for mirth.
However, the irony doesn’t stop there. It turns out that the hack occurred during mtnDAO, a
We współpracy z: https://cryptopotato.com/cypher-protocol-exploited-will-the-hacker-return-the-funds-details/
