Velocore's Comprehensive Analysis of $7M Hack Incident and Hacker Bounty Offer
Velocore's Response to $7M Hack:
Velocore, a decentralized exchange, recently addressed a significant security breach in a detailed postmortem. The exchange provided insights into the breach, measures taken to rectify the situation, and the post-hack security enhancements implemented.
Detailed Postmortem:
Velocore conducted a thorough analysis of the $7 million hack incident, pinpointing the vulnerabilities exploited by the hacker.
Hacker Bounty Offer:
In a move to incentivize ethical hacking and enhance platform security, Velocore announced a bounty for the hacker who exposed the vulnerabilities.
The exchange's proactive response underscores its dedication to fortifying the DeFi ecosystem against potential threats, ensuring users' assets are safeguarded.
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.