Despite the successful resolution, the incident once again highlighted the underlying centralization issues prevalent in Layer 2 blockchain networks.

Once deployed, smart contracts cannot be destroyed.

After the publication of a notice regarding the commencement of repayments, the BTC price fell below $61,000. The release of 140,000 BTC might distort the market if the creditors opt to sell.

Although CertiK claims this was a white hat operation, how the incident was reported and the vulnerability tested raises many questions about its security auditing practices.

These attacks inflate asset prices to give users a poor exchange rate while profiting the validators.

The attacker used service accounts to drain the project’s bonding curve contracts. The platform quickly restored its services and promised to reimburse affected users.

Plans to burn ill-gotten crypto that can't be returned to victims — instead of dumping it on the market — is attracting praise from some corners of the industry.

Failed transactions on Solana are rising as the blockchain’s stack struggles to accommodate mounting network activity.