Level Finance Confirms $1 Million Exploit Due to Software Bug | CoinMarketCap

Cryptocurrency platform Level Finance hasa recent exploit leading to a loss of roughly $1 million due to a software bug that left the system vulnerable to hackers. In response, Level Finance has temporarily ceased all operations to conduct an in-depth investigation and implement enhanced security measures to thwart future incidents.

Level Finance has pledged to reimburse the affected customers, taking full responsibility for the losses. In collaboration with cybersecurity experts and law enforcement agencies, the company is working diligently to track down the culprits and recover the stolen funds. Moreover, Level Finance intends to perform an exhaustive security audit to guarantee the protection of its customers' assets in the future.

While urging users to exercise patience as the company addresses the issue and resumes normal operations, Level Finance is dedicated to bolstering its platform security and regaining user trust by adopting more stringent security protocols.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Level Finance confirms $1M exploit due to buggy smart contractLevel Finance, a decentralized derivatives exchange, has fallen victim to an exploit that saw 214,000 native LVL tokens stolen and swapped into 3,345 BNB, worth approximately $1.01 million. According to blockchain security firm Peckshield, Level Finance’s “LevelReferralControllerV2” smart contract contained a bug that allowed for “repeated referral claims” from the same epoch. This was confirmed by Level Finance in a later statement made on Discord.
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »

700 Million XRP Locked Back by Ripple, 300 Million to Be Dumped on Market.Ripple locks big $XRP lump in escrow, extending regular monthly XRP releases
La source: Utoday_en - 🏆 295. / 63 Lire la suite »

Florida Senate approves bill to allow interest rates up to 36% on consumer-finance loansThe Florida Senate on Monday gave final approval to a bill that would allow interest rates as high as 36% on consumer-finance loans. The Senate voted 22-9 to pass the bill (HB 1267), which the House approved last week.
La source: WOKVNews - 🏆 247. / 63 Lire la suite »