FlashTrade, a Solana ecosystem perpetual protocol, temporarily suspended trading, deposits, and withdrawals following an unauthorized withdrawal of $98,000. While trading has resumed, deposits and withdrawals remain paused for about 24 hours to ensure fund reconciliation. The team assured users that the $98,000 loss will be fully covered, leaving user funds unaffected. A fix patch from MagicBlock is anticipated within 12 to 24 hours to address the security issue.
FlashTrade Halts Operations After $98,000 Security Breach
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