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Levana: The problem has been fixed and position opening will be restarted next week

Levana: The problem has been fixed and position opening will be restarted next week

CointimeCointime2023/12/29 08:00
By:Cointime

Levana Protocol has released a security update after being attacked by Oracle, affecting about 10% of LP. The issue has been fixed and opening will resume next week. Traders' profits, closing, withdrawal and triggering orders are running as expected.

Yesterday, it was reported that Levana, a perpetual trading protocol on the Osmosis chain, was attacked, and the vulnerability lasted for more than 13 days. Between December 13th and 26th, the attacker drained 10% of the liquidity pool on Levana, resulting in a loss of more than $1.1 million.

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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.

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