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�…

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