Level Finance [LVL] confirms $1 million exploit due to bug

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

LevelFinance [LVL] confirms $1 million exploit due to bug

Level Finance’s “LevelReferralControllerV2” smart contract featured a fault that allowed for “repeated referral claims” from the same period,to blockchain security startup Peckshield. The exchange also verified this in a later statement on Discord.

The v2 controller contract has received multiple calls to the “claim multiple” function within the last 48 hours,As of now, the contract’s implementation does not appear to have changed after the attack. However, Level Finance stated that it would release a fresh implementation of the referral contract within the following 12 hours.According to DeDotFiSecurity, the team has temporarily shut down the referral program, effectively ending the attack.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines