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- Cypher Protocol has recovered almost half of the stolen funds, valued at around $600,000.
- The exploit attack on August 7 led to a loss of $1 million for the company.
- On August 17, Cypher Protocol announced freezing almost 50% of the stolen funds across different Centralized Exchanges (CEX).
- The hacker targeted #DEX vulnerabilities, using various accounts to take funds in different cryptocurrencies like USDT, SOL, wETH, and more.
- Cypher #Protocol offered the attacker a 10% white hat bounty, but the funds weren't returned.
- A redemption plan is in place to distribute remaining #assets to affected users based on their shares or involvement level in the protocol.
- #Cypher Protocol operates as a #decentralized futures exchange on the Solana (SOL) blockchain, offering lending and borrowing services with cross-collateralized subaccounts.
- Cypher Protocol has recovered almost half of the stolen funds, valued at around $600,000.
- The exploit attack on August 7 led to a loss of $1 million for the company.
- On August 17, Cypher Protocol announced freezing almost 50% of the stolen funds across different Centralized Exchanges (CEX).
- The hacker targeted #DEX vulnerabilities, using various accounts to take funds in different cryptocurrencies like USDT, SOL, wETH, and more.
- Cypher #Protocol offered the attacker a 10% white hat bounty, but the funds weren't returned.
- A redemption plan is in place to distribute remaining #assets to affected users based on their shares or involvement level in the protocol.
- #Cypher Protocol operates as a #decentralized futures exchange on the Solana (SOL) blockchain, offering lending and borrowing services with cross-collateralized subaccounts.