According to Odaily, Velocore has released an update on a recent security incident that occurred on platform X. The company stated that due to the ongoing security investigation, they are unable to share all information on social media. However, based on on-chain/off-chain logs and interactions with multiple protocols, they are tracking the incident with security partners and continuing negotiations through on-chain messages.
Velocore also mentioned that they have more sources of information and will release more announcements as the investigation progresses. They plan to upload snapshots of the state before the attack to the GitHub repository. In Linea, there will be two snapshot blocks, as different trading pairs were involved in two separate transactions.
In addition, although not directly related to LP, snapshots are also being taken of voters and holders who suffered losses due to the sell-off. These snapshots will serve as a benchmark for future liquidation or restarts.
Previously, Velocore had released an analysis report on the vulnerability incident. On June 2, Velocore suffered a security vulnerability incident, resulting in a loss of approximately $6.8 million worth of ETH. The root cause of this vulnerability was a flaw in the Balancer-style CPMM pool contract.