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MainNewsVelocore Exp...

Velocore Exploitation Results in a Loss of $10 Million: Investigation Initiated 


Jun, 02, 2024
< 1 min read
by CoinEdition
Velocore Exploitation Results in a Loss of $10 Million: Investigation Initiated
  • Velocore has been reportedly hacked, resulting in a loss of about $10 million.
  • The platform has initiated an investigation into the exploitation and froze stolen funds.
  • However, the hacker managed to move some of the stolen ETH to the Ethereum mainnet.

Velocore, a decentralized exchange (DEX) protocol on zkSync and Linea, has reportedly been hacked, causing customers to lose almost $10 million in funds. In response to the exploitation, the Velocore team initiated an investigation into the hack, setting up an “on-chain negotiation process.”

The hack was initially reported by the Chinese crypto reporter Colin Wu on his Wu Blockchain page on X, following which crypto commentator MartyParty also reposted the report.

Velocare shared an “Emergency Notice�…

The post Velocore Exploitation Results in a Loss of $10 Million: Investigation Initiated  appeared first on Coin Edition.

Read the article at CoinEdition

Read More

De-Dollarization: J.P.Morgan Predicts the US Dollar’s Future in 2025

De-Dollarization: J.P.Morgan Predicts the US Dollar’s Future in 2025

The US dollar forecast for 2025 reveals unexpected strength, rising a surprising 7% i...
Apr, 15, 2025
2 min read
by Watcher.Guru
Bitcoin to Track Gold’s Rally With a 100-Day Delay Amid Liquidity Boom, Says Analyst

Bitcoin to Track Gold’s Rally With a 100-Day Delay Amid Liquidity Boom, Says Analyst

The crypto market and broader economy are moving fast as global liquidity reached an ...
Apr, 15, 2025
by BeInCrypto
MainNewsVelocore Exp...

Velocore Exploitation Results in a Loss of $10 Million: Investigation Initiated 


Jun, 02, 2024
< 1 min read
by CoinEdition
Velocore Exploitation Results in a Loss of $10 Million: Investigation Initiated
  • Velocore has been reportedly hacked, resulting in a loss of about $10 million.
  • The platform has initiated an investigation into the exploitation and froze stolen funds.
  • However, the hacker managed to move some of the stolen ETH to the Ethereum mainnet.

Velocore, a decentralized exchange (DEX) protocol on zkSync and Linea, has reportedly been hacked, causing customers to lose almost $10 million in funds. In response to the exploitation, the Velocore team initiated an investigation into the hack, setting up an “on-chain negotiation process.”

The hack was initially reported by the Chinese crypto reporter Colin Wu on his Wu Blockchain page on X, following which crypto commentator MartyParty also reposted the report.

Velocare shared an “Emergency Notice�…

The post Velocore Exploitation Results in a Loss of $10 Million: Investigation Initiated  appeared first on Coin Edition.

Read the article at CoinEdition

Read More

De-Dollarization: J.P.Morgan Predicts the US Dollar’s Future in 2025

De-Dollarization: J.P.Morgan Predicts the US Dollar’s Future in 2025

The US dollar forecast for 2025 reveals unexpected strength, rising a surprising 7% i...
Apr, 15, 2025
2 min read
by Watcher.Guru
Bitcoin to Track Gold’s Rally With a 100-Day Delay Amid Liquidity Boom, Says Analyst

Bitcoin to Track Gold’s Rally With a 100-Day Delay Amid Liquidity Boom, Says Analyst

The crypto market and broader economy are moving fast as global liquidity reached an ...
Apr, 15, 2025
by BeInCrypto