Cryptocurrency platform Level Finance has confirmed a recent exploit leading to a loss of roughly $1 million due to a software bug that left the system vulnerable to hackers.
Level Finance Confirms $1 Million Exploit Due to Software Bug
Cryptocurrency platform Level Finance has confirmed a recent exploit leading to a loss of roughly $1 million due to a software bug that left the system vulnerable to hackers. In response, Level Finance has temporarily ceased all operations to conduct an in-depth investigation and implement enhanced security measures to thwart future incidents.
Level Finance has pledged to reimburse the affected customers, taking full responsibility for the losses. In collaboration with cybersecurity experts and law enforcement agencies, the company is working diligently to track down the culprits and recover the stolen funds. Moreover, Level Finance intends to perform an exhaustive security audit to guarantee the protection of its customers' assets in the future.
While urging users to exercise patience as the company addresses the issue and resumes normal operations, Level Finance is dedicated to bolstering its platform security and regaining user trust by adopting more stringent security protocols.
