Velocore

<ul><li>Velocore has been hacked, resulting in loss a loss of $10 million in user liquidity.</li><li>During the Velocore hack, the Linea blockchain experienced a temporary halt in block production.</li><li>Hackers managed to move over 700 ETH to the Ethereum mainnet.</li></ul>Velocore, a decentralized exchange (DEX) on zkSync and Linea, has been <a href="https://cryptotale.org/north-korean-hackers-deploy-new-durian-malware-targeting-crypto-firms/" rel="noopener noreferrer nofollow">exploited</a> by hackers, resulting in an estimated loss of $10 million. At the time of the hack, Linea blockchain saw a halt in block production that lasted about an hour before resuming normal operations. Wu Blockchain, a well-known Chinese crypto reporter, <a href="https://x.com/WuBlockchain/status/1797089736827539644" rel="noopener noreferrer nofollow">commented</a> on Velocore’s hack.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeJ4w-1R_WgY3YMqI46Zm9EW9UPF0-2O08XJsPoOIpFQV0MxX8_9aEMwcfXEYWy2z0nvp1UBD1bK_Dj87RDdmAfG_4yLkU9ENHXDHwc8rEtXxQqyDgwzZTZZOHmLcden58zfLh9KEkhozPVs-d9cw?key&#61;lozTMr5fhuwGb3un-pcCxA" />Emergency Notice and ResponseVelocore issued an <a href="https://x.com/velocorexyz/status/1797102058157539839" rel="noopener noreferrer nofollow">emergency notice</a> about the hacker&#39;s exploitation and the resulting loss of liquidity. They confirmed that CPMM pools have been affected and that they are working with security teams and foundations. Furthermore, Velocore has also requested centralized exchanges (CEX) to freeze the stolen assets to reduce further damages.<a href="https://cryptotale.org/velocore-hack-leads-to-10m-loss-halts-linea-blockchain-for-an-hour/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Velocore Hack Leads to $10M Loss, Halts Linea Blockchain for an Hour

CryptoTale

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