Decentralized Exchange Velocore Investigates $10 Million Hack
Sunday, 2 June 2024, 07:22
Velocore DEX Cybersecurity Breach
Velocore DEX recently faced a $10 million hack, with hackers managing to transfer 700 ETH to the Ethereum mainnet. The incident has led to widespread concerns about the security of decentralized exchanges.
Investigation and Response
- The Velocore team is actively investigating the breach to determine the vulnerabilities exploited by the attackers.
- Efforts are underway to enhance cybersecurity measures and prevent future incidents.
Conclusion: The recent hack on Velocore DEX highlights the ongoing challenges faced by decentralized exchanges in ensuring robust security measures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.