Terra is taking proactive steps to combat phishing attacks by temporarily freezing their website in order to investigate and implement additional security measures.
In what has been dubbed a breakthrough victory against fraudsters, the Cypher Protocol has successfully blocked the withdrawal of over $600,000 of funds stolen from a crypto exchange. Developed to protect users from illegal activities, the Cypher Protocol remains undefeated in its mission to safeguard digital assets.
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.