According to TechFlow, Velocore released a vulnerability incident analysis report, and the hacker attack caused a loss of about $6.8 million in ETH. The root cause of the vulnerability was a vulnerability in the Balancer-style CPMM pool contract. The main cause of the incident was a logical error in the "velocore__execute()" function of ConstantProductPool, and measures have been taken to ensure that the vulnerability can no longer be exploited. The team is actively investigating, tracking the hacker while attempting on-chain negotiation, and has requested various protocols and central exchanges to cooperate in investigating the attacker's activities. In addition, close communication is maintained with security partners and foundations. Based on these findings and cooperation with partners, future plans will be continuously adjusted. For those affected users, the team took a snapshot of the blockchain state before the incident. Once operations are resumed, an appropriate compensation plan will be implemented to address the losses suffered by users.
