🚨 Velocore, a decentralized exchange (DEX) on the zkSync and Linea blockchains, has been exploited, resulting in a loss of approximately $10 million.

This incident was initially flagged by “Officer’s Notes,” a threat researcher and writer. It highlights the persistent vulnerabilities in the crypto sector.

Velocore reported that hackers targeted its liquidity provider tokens. These are integral to the exchange’s operations. Following the breach, the hackers already transferred over 700 Ethereum across chains to the Ethereum mainnet.

According to Velocore’s documents, the exchange had passed security audits conducted by Zokyo, Hacken, and Scalebit. Despite this, the hackers managed to exploit the decentralized exchange.

Concurrently, the Linea Blockchain experienced a temporary halt in block production during the hack. This pause lasted about an hour before normal operations resumed. The reasons behind this disruption remain unclear.