Solana’s Cypher Protocol Loses $1 Million Following Security Breach
Solana’s Cypher Protocol experienced a severe security breach, resulting in the loss of $1M worth of cryptocurrency. Investigators are working to determine the cause of the breach.
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Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract
Non-profit blockchain platform Solana saw the second exploit of its Decentralized Finance (DeFi) protocol, Cypher, on June 11, leading to the freezing of $460,000 worth of Smart Contracts.