Sifchain: Suspended operations due to abnormal activities after activating leveraged trading, has controlled the vulnerability and will restart the roadmap

Sifchain, a full-chain DEX developed based on the Cosmos SDK, announced on Twitter that it has paused network maintenance, upgrades, and operations. It stated that after the on-chain upgrade activated leveraged trading, there were unusual activities involving increased user liquidity and asset removal. However, the impact of this vulnerability was quickly controlled, and many users who gained additional assets expressed a desire to return the funds.

It is reported that the engineering team has currently identified a repair and forward roadmap for re-enabling the network and DEX, and testing is underway. Additionally, the Engineering team is analyzing transactions and wallets related to this situation. (Source link)