Velocore releases security incident update: Ongoing tracking and snapshots of affected users

ChainCatcher message, Velocore has released an update on the recent security incident on platform X: "For the safety investigation, we cannot share all information on social media, but based on on-chain/off-chain logs and interactions with multiple protocols, we are tracking with security partners and continuing negotiations through on-chain messages.

We still have more sources of information, and as the investigation progresses, we will release more announcements.

We will upload snapshots of the pre-attack state to the GitHub repository. In Linea, there will be two snapshot blocks, as different trading pairs were involved in two separate transactions. Additionally, although it is not directly related to LP, snapshots are also being taken for voters and holders who suffered losses due to the sell-off. This snapshot will serve as a benchmark for future liquidation or restart."

Previously, Velocore released a vulnerability incident analysis report. Velocore experienced a security vulnerability incident on June 2, resulting in a loss of approximately $6.8 million worth of ETH. The root cause of this vulnerability was a flaw in the Balancer-style CPMM pool contract.