HomeUncategorizedCypher Protocol freezes smart contract after an estimated $1M exploit By Cointelegraph

Cypher Protocol freezes smart contract after an estimated $1M exploit By Cointelegraph

August 8, 2023

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Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit.

On Aug. 7, Cypher alerted its 13,500 followers on X (formerly known as Twitter) that it had experienced a security incident and had therefore frozen its smart contract.

Total balance of stolen funds in the Cypher attackers’ wallet. Source: Solscan
The alleged hacker transferred 30,000 USDC to Binance. Source: Solscan