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A Wallet Held by Velodrome Team Stolen, Leading to Loss of $350,000 of Operational Funds

The AMM protocol on Optimism Velodrome tweeted that it noticed unusual activity in one of the team-owned wallets at 15:50 today, indicating that the wallet was compromised, leading to the loss of $350k of operational funds. The team quickly transferred everything still present in the wallet to the multi-signature after noticing unusual activity.
Source

Optimism

AMM

DeFi

Security Incidents

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