Category: cypher protocol

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Cypher Protocol reveals $600K of stolen funds is now frozen on CEXs

August 18, 2023

Solana-based Cypher Protocol has managed to stop around $600,000 of stolen funds from exiting various centralized exchanges. Solana-based decentralized futures exchange Cypher Protocol has managed to freeze $600,000 worth of crypto stolen from an Aug. 7 security exploit. In an X (Twitter) post on Aug. 18, Cypher Protocol reported that more than half of the…
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Cypher Protocol freezes smart contract after an estimated $1M exploit

August 8, 2023

A crypto wallet suspected to be tied to the exploit has gained over $1 million in SOL and UDSC since the attack. Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit. On Aug. 7, Cypher alerted its 13,500 followers on X (formerly known as Twitter) that it had…
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