According to Odaily, Velocore has released an update regarding a recent security incident. The company announced plans to liquidate its treasuries on zkSyncEra and Linea to compensate users for their losses before the available funds decrease further. Users are advised to be cautious of scam links, as claims will soon be enabled directly on the homepage. If stolen funds are recovered through ongoing investigations, the current snapshot will be used for additional allocations.

Previously, Velocore experienced a security breach on June 2, resulting in the loss of approximately $6.8 million worth of ETH. The company is taking these steps to address the financial impact on its users and ensure that compensation is distributed as efficiently as possible.