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SCALLOP PROTOCOL HACKED: 100% COMPENSATION COMMITMENT FOR LOSSES 🏦🔐🛡️
Security breach: #scallop , the leading lending protocol on the Sui ecosystem, has just confirmed that a smart contract related to the sSUI reward pool has been compromised by hackers. The total estimated loss is around 150,000 Sui. ⚠️💸
Damage control: Immediately upon discovery, #ScallopLend promptly froze the affected contract. Notably, the main contract and other asset pools were completely unaffected, ensuring the majority of user capital remains safe. 🧊🛡️
Ultimate responsibility: The Scallop development team has issued an official statement taking full responsibility for this incident. They are committed to compensating all losses to users impacted by this security flaw. 🤝💎
Extended investigation: Currently, the protocol is working with security units to delve deeper into the vulnerability and prevent similar risks in the future. 🕵️♂️🔍
Although this incident has caused some concern within the Sui community, the swift response and compensation commitment from Scallop have helped stabilize investor sentiment, reaffirming the protocol's credibility in protecting user interests.
$SCA $SUI
Security breach: #scallop , the leading lending protocol on the Sui ecosystem, has just confirmed that a smart contract related to the sSUI reward pool has been compromised by hackers. The total estimated loss is around 150,000 Sui. ⚠️💸
Damage control: Immediately upon discovery, #ScallopLend promptly froze the affected contract. Notably, the main contract and other asset pools were completely unaffected, ensuring the majority of user capital remains safe. 🧊🛡️
Ultimate responsibility: The Scallop development team has issued an official statement taking full responsibility for this incident. They are committed to compensating all losses to users impacted by this security flaw. 🤝💎
Extended investigation: Currently, the protocol is working with security units to delve deeper into the vulnerability and prevent similar risks in the future. 🕵️♂️🔍
Although this incident has caused some concern within the Sui community, the swift response and compensation commitment from Scallop have helped stabilize investor sentiment, reaffirming the protocol's credibility in protecting user interests.
$SCA $SUI
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