Cypher Protocol freezes smart contract amid $1m exploit
Cypher Protocol, a decentralized futures exchange on the Solana (SOL) blockchain, has halted its smart contract in the wake of an estimated $1 million exploit . On Aug. 7, Cypher Protocol announced on X that it had frozen its smart contract following a security incident involving an estimated $1 million exploit . The team is investigating the cause and has initiated negotiations with the suspected hacker to potentially recover the stolen funds. Cypher has has experienced an exploit/security incident. The smart contract has been frozen. The team is currently working with individuals and investigating To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps. — cypher ️ (@cypher_protocol) August 7, 2023 Data from the Solana blockchain explorer Solscan has revealed that the wallet associated with the exploit stole roughly 38,530 Solana tokens and about $123,180 USDC, amounting to illicit gains of around $1,035,000. S...