Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract

The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)

The exploit comes during Cypher’s biannual hacker house mtnDAO which it hosts in Salt Lake City alongside fellow Solana trading protocol marginfi. In it’s discord channel, marginfi said it was not impacted by the hack.

Recommended for you:

• The Money in Ethereum’s Middleware: Can Flashbots Still Call Itself a ‘Public Good’?
• CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst
• Trump Digital Trading Card Project Mints NFTs for Winners of Prizes