Cypher Protocol, a decentralized futures exchange operating on the Solana blockchain, disclosed on August 7th that a significant security breach occurred on their platform.
The breach led to an estimated unauthorized transfer of assets valued at around $1 million. Swiftly addressing the event, Cypher Protocol informed its community of followers on X (formerly Twitter) and took immediate action by freezing its associated smart contract.
A statement from the firm emphasized their responsive action:
„Cypher has experienced a security incident. The smart contract has been frozen. Investigations are ongoing. 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.”
Data sourced from the Solana blockchain explorer, Solscan, has been invaluable in providing insights into the breach. It appears that the attacker or attackers absconded with a considerable 38,530 Solana (SO
We współpracy z: https://cryptodaily.co.uk/2023/08/solana-based-cypher-protocol-suffers-1m-exploit
