Zokyo releases Velocore security incident report: Constant product pool loses approximately $6.8 million worth of ETH
Zokyo, a blockchain security company, released a post-attack analysis report regarding the previous hacking incident. The report revealed that the Constant Product Pools suffered a loss of approximately $6.8 million in ETH, while the USDC-ETH-VLP treasury net loss was 155 ETH and over 500,000 USDC. Velocore stated that based on the exploitation contract and the steps taken to recover from the attack, the exploitation of this vulnerability requires a determined attacker with a considerable level of accuracy to obtain the final value passed to Velocore's operation.Moreover, the exploitation of the vulnerability must also be executed through an algorithm to create meaningful values for other depleted pools. This level of vulnerability exploitation requires a lot of security research and strict testing under various market conditions, which should be carried out by technical personnel with extensive experience in the field.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin miner Bitfarms sets vote date on Riot's attempted takeover step
Bitfarms has set Oct. 29 as the date for a special meeting of its shareholders in response to a requisition for a shareholders’ meeting submitted by Riot Platforms.Bitfarms’ shareholders will vote on reconstituting Bitfarms’ board of directors, the latest step in Riot’s attempted takeover of its bitcoin mining rival.
![](https://img.bitgetimg.com/multiLang/image/social/816fac4a491d35aa8ea99ebe67295e101720793557542.jpg)
US lawmakers push for hostage designation in Binance exec’s detention in Nigeria
Quick Take Two U.S. congressmen, Rich McCormick and French Hill, have submitted a resolution to the House Committee on Foreign Affairs, urging the U.S. government to declare the detention of Binance executive Tigran Gambaryan in Nigeria as a hostage situation. The resolution calls for the Nigerian government to immediately release Gambaryan, a U.S. citizen, citing his deteriorating health in Kuje Prison.
![](https://img.bitgetimg.com/multiLang/image/social/4fd47a24d91bd15e3336c094b2c590681720788158554.jpg)
SEC allows certain firms to skirt controversial crypto accounting bulletin
Quick Take Some firms have proposed business practices that the SEC agrees could exempt them from controversial crypto accounting guidance, according to an SEC source. Firms have consulted with the SEC on crypto policies since SAB 121 was released. The SEC allows exemptions with proven procedures and technology for customer crypto recovery in bankruptcies.
![](https://img.bitgetimg.com/multiLang/image/social/6e0939a99d7e95451b0d33cbe47e945e1720788158451.jpg)