Cypher Protocol freezes smart contract after an estimated $1M exploit
A crypto wallet suspected to be tied to the exploit shows it gained over $1 million in SOL and UDSC since the attack. 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 thus frozen its smart contract. The team added it is investigating the cause of the exploit and has reached out to the hacker to negotiate a potential return of stolen funds. 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 According to data from Solana blockchain explorer Solscan, the wallet suspected to be tied to the exploit stole approx...