🔔Blockchain News Express! Velocore recently published an article on the X platform, confirming that its protocol was attacked, resulting in the loss of most of its liquidity😱. The good news is that they have found the root cause and taken measures to prevent copycats from using the same method to attack. At present, all buttons except the "Withdraw" function have been disabled.

🔍Previously, Velocore's CPMM pool was affected, but the stable pool was not affected, so funds can still be withdrawn in its stable pool. At the same time, the Velocore team is working with the security team and the foundation, and has asked CEX to freeze the stolen assets.

🔧Velocore said that they have identified the vulnerability exploit mechanism and are establishing an on-chain negotiation process. A post-mortem analysis article is being prepared, and they are using the clues left to track down the exploiter. During the function freeze, they are working with the foundation and will provide guidance on how to safely withdraw all funds in the future.

🎉In this moment of crisis, we have seen Velocore's determination and action. They are doing their best to solve the problem and protect the safety of users' assets. Let us look forward to more updates from them!