Velocore Report: Compensation will be provided to affected users

According to Golden Finance, Velocore released a vulnerability incident analysis report, indicating that the protocol suffered a security vulnerability on June 2, resulting in a loss of approximately $6.8 million worth of ETH. The root cause of the vulnerability was a vulnerability in the Balancer-style CPMM pool contract. The main cause of the incident was a logical error in the "velocore__execute()" function of ConstantProductPool, and measures have been taken to ensure that the vulnerability can no longer be exploited. The platform is currently actively investigating and tracking down the hacker, while attempting on-chain negotiations and requesting various protocols and trading platforms to cooperate in investigating the attacker's activities. Close communication is also maintained with security partners and foundations. For affected users, the platform has taken a snapshot before the incident. Once operations are resumed, an appropriate compensation plan will be implemented to address the losses suffered by users.