Velocore DEX Hacked, $10M Stolen in Major Exploit
TL;DR
Velocore, a decentralized exchange on the zkSync and Linea blockchains, suffered a $10 million exploit targeting its liquidity provider tokens. Despite passing security audits, hackers transferred over 700 ETH to the Ethereum mainnet. While Velocore's stable pools were unaffected, the team is working with security experts and centralized exchanges to freeze the stolen assets. The incident caused a 5% drop in Velocore's native token VC, though zkSync and Linea blockchains remained largely unaffected.
- DEX Velocore falls victim to $10M exploit – Here are the details AMBCrypto News
- Decentralized exchange Velocore addresses $7 million hack in postmortem, offers bounty to hacker The Block
- Velocore Exploitation Results in a Loss of $10 Million: Investigation Initiated Investing.com South Africa
- Linea Resumes After Hack on Velocore DEX Drains $10M CoinGape
- Velocore Suspected Hack: $10M In User LPs Stolen, Linea Blockchain Affected TronWeekly
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