News with the tag "Cypher protocol"

The Solana-based Cypher Protocol is again in the negative spotlight after one of its core developers admitted to stealing and losing over $300,000 of users’ funds. Another of the project’s developers first unveiled the news and also alerted law enforcement. Related Reading: Solana Price Prediction –...

The insider’s exploit went unnoticed for months, despite over 36 individual transactions.

Cypher Protocol has frozen $600,000 in stolen funds on centralized exchanges as it awaits seizure warrants from law enforcement.

In a significant move to safeguard its platform, Cypher Protocol, a decentralized future exchange operating on the Solana blockchain, has successfully frozen more than half of the funds stolen in cryptocurrency during a recent security breach. As of August 18, Cypher Protocol’s team has effectively ...

Solana-based Cypher Protocol has managed to stop around $600,000 of stolen funds from exiting various centralized exchanges.

Cypher Protocol exploit on Solana: Discover the security risks, the hacker's moves, and the implications for the crypto community.

Solana’s Cypher Protocol suffers a $1 million loss following an exploit. Efforts to recover the funds arbitrarily are underway.

A crypto wallet suspected to be tied to the exploit shows it gained over $1 million in SOL and UDSC since the attack.