Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses
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The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within the CPMM Pool Contract The decentralized exchange Velocore on Zksync […]
Velocore, a decentralized finance platform, recently lost more than $6.8 million in its funds due to a major security compromise. The attacker, with the address …..86ACaca3716bF, was able to transfer the stolen funds to the Ethereum network via bridges. It was discovered by Beosin Alert, a detection service for Web3…
CoinsPaid suffered a second hack in six months. Indeed, the digital assets payment company was exploited for around $7.5 million worth of cryptocurrencies on January 5. Blockchain security firm Cyvers attributed the security breach to the platform’s inadequate wallet access control measures. CoinsPaid Hacked Again Hackers managed to part way with…