After the publication of a notice regarding the commencement of repayments, the BTC price fell below $61,000. The release of 140,000 BTC might distort the market if the creditors opt to sell.
Although CertiK claims this was a white hat operation, how the incident was reported and the vulnerability tested raises many questions about its security auditing practices.
The hacker exploited a flaw within the Velocore DEX market maker pool contract. The attack led to Linea blockchain halting block production, sparking debate in the community about the principles of decentralization.
The attacker used service accounts to drain the project’s bonding curve contracts. The platform quickly restored its services and promised to reimburse affected users.
