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Cryptoknowmics 2022-06-07 12:53:02

Elrond-Based Maiar DEX Goes Offline After Security Breach

On June 6, the CEO and co-founder of the Elrond Network, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities” on the Maiar decentralized crypto exchange (DEX). Soon after the exchange was taken offline, Mincu reported that the issue was identified and an “emergency fix” was being implemented. $113M Worth EGLD Stolen from Maiar Elrond CEO Beniamin Mincu tweeted about “suspicious activities on the Maiar DEX” on June 6. Mincu posted the first update, saying the issue has been identified and that the devs are “working on an emergency fix.” He also thanked the Elrond community for their support during this time. Almost 7am here. Team still focused on deck. Identified the potential issue, and working on an emergency fix. Will update again once fix is deployed. P.S. Remarkable support from the Elrond community 🙌 https://t.co/98PpvlssGS — Beniamin Mincu 🔥🌓 (@beniaminmincu) June 6, 2022 In a Twitter thread posted almost 24 hours later, Mincu said a potentially critical bug was identified and the issue has been fixed. 12/ RECOVERY & RESUME b) A recovery plan means deep analysis on the bug, its implications and potential solution. After an all nighter investigation with the team, this morning a new emergency mainnet upgrade was proposed and adopted. This improved security and solved the bug. — Beniamin Mincu 🔥🌓 (@beniaminmincu) June 6, 2022 Mincu claimed that all funds are safe and will be...

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