Telcoin

<ul class="news-points"> 
 <li>Telcoin shared an update on the service suspension on its platform.&nbsp;</li> 
 <li>The team confirmed it has successfully fixed the issues, and services will resume soon.&nbsp;</li> 
 <li>The update failed to mention the $1.3 million hack raised by PeckShield.</li> 
</ul> 
Days after suspending activities on its platform, the decentralized finance (DeFi) platform Telcoin broke its silence today as it issued an update to its customers on the recent security incident.In a <a href="https://x.com/telcoin/status/1740238684786671696?s=20" target="_blank" rel="nofollow">post</a> shared on X (formerly Twitter), the Telcoin team announced having made headway with the issues, stating, 
<blockquote class="wp-block-quote"> 
 We have internally confirmed our assessment of the situation and that our fix was successful. 
</blockquote> 
Furthermore, the team confirms plans to resume operations on its platform once wallets are returned to their original balances. In addition, Telcoin promised a more detailed explanation of the incident once services were restored.&nbsp; 
The update, which is the first since <a href="https://coinedition.com/tel-drops-42-after-1-3m-stolen-in-telcoin-exploit-peckshield/">December 26</a>, once again failed to mention the alleged breach on its platform. In the December 26 update, Telcoin blamed the suspension on a technical breach resulting from issues with the proxy implementation of wallets on Polygon.&nbsp; 
Furthermore, the recent upda…
The post <a href="https://coinedition.com/telcoin-updates-users-on-service-suspension-no-mention-of-1-3m-hack/">Telcoin Updates Users on Service Suspension; No Mention of $1.3M Hack</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Telcoin Updates Users on Service Suspension; No Mention of $1.3M Hack

Coin Edition

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