The decentralized trading protocol Velodrome Finance in the Optimism ecosystem has suspended customer service while the consequences of the exploit are resolved.
The protocol team has issued a warning to its customers about the potential threat and compromise of the program interface. The company asks users to eliminate all forms of interaction with Velodrome until a separate notice is issued.
Our frontend is currently compromised. Please do not interact with Velodrome for the time being. The team are investigating and will communicate more here when we have it.
— Velodrome (@VelodromeFi) November 29, 2023
The Velodrome team is not disclosing the nature of the threat. However, according to an independent crypto expert present on the X social network under the nickname ZachXBT, this is an attempt to steal protocol assets, which are allegedly transferred to addresses starting with 0x02BA1 and 0xf64fC.
L2beat analysts state that Optimism’s second-level solutions for the Ethereum network have become more popular than the main network. In particular, starting from September last year, the total number of transactions on the sidechain has recorded a steady increase.
Source: Cryptocurrency
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