• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Serum strategies to fork the undertaking following FTX is hacked

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Solana developers are forking Serum, following the liquidity platform Solana observed various probable vulnerabilities due to the current FTX assault.

Serum plans to fork the project after FTX is hacked
Serum strategies to fork the undertaking following FTX is hacked

On Friday, a hacker effectively withdrew $400 million from the FTX exchange. This incident exacerbated the liquidity crisis brought by FTX.

Related articles

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

November 27, 2023
Azuki DAO changed its name, "transformed" into a memecoin project

Azuki DAO transformed its identify, “transformed” into a memecoin undertaking

November 27, 2023

>> See far more: FTX transferred a huge volume of revenue from the exchange, which was suspected of becoming hacked

Many Solana developers feel that the hack could be relevant to Serum, a platform supported by FTX and integrated with several DApps in the Solana ecosystem.

Solana founder Anatoly Yakovenko mentioned the developers are undertaking every thing they can to fork Serum’s code and restart the protocol devoid of FTX becoming existing. The developers thus essential a distinctive edition of the Serum for the reason that the earlier item had a personal important managed by FTX. Due to the current FTX hack, the over personal important could have been exposed and will bring about several unpredictable consequences for Serum’s method in the long term.

“The serum update is not controlled by this organization, but is controlled by a private key directly related to FTX. At present, no one can confirm which organization or individual is in control of this code and whether they are involved in misbehavior. ”- Shared Mango Max programmer.

Meanwhile, serum-dependent applications have begun to consider cover measures. Jupiter, the Solana-based mostly DEX Aggregator platform, has informed consumers of its closure to reduce the hazards from the serum.

Other tasks this kind of as Magic Eden, Mango Markets or Phantom are also minimizing their reliance on Serum and suspending operations due to protection hazards.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: forkFTXhackedplansprojectSerum
Share76Tweet47

Related Posts

Circle’s Post-IPO Valuation Surpasses $66.9 Billion Mark

by shark
June 25, 2025
0

Circle's market capitalization surged post-IPO, driven by investor confidence and the GENIUS Act, highlighting regulatory impact on stablecoin issuers.

Circle’s Market Cap Surges to $63.89 Billion

by shark
June 25, 2025
0

Circle, led by CEO Jeremy Allaire, reaches a market capitalization of $63.89 billion following its latest IPO and U.S. regulatory...

Senator Schiff Proposes COIN Act Limiting Presidential Crypto Activities

by shark
June 25, 2025
0

Senator Adam Schiff introduces COIN Act to restrict U.S. leaders' crypto engagements, targeting ethical concerns.

Stablecoin Supply Surges by $5.67 Billion in 30 Days

by shark
June 24, 2025
0

Total stablecoin supply increased by $5.67 billion, with Ethereum leading growth, impacting DeFi markets.

Celestia Founder Confirms $100M Reserves Amid Market Volatility

by shark
June 24, 2025
0

Celestia holds $100 million in reserves, confirmed by founder amidst TIA token's price fluctuations.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Circle’s Post-IPO Valuation Surpasses $66.9 Billion Mark
  • $410K from $20K? Arctic Pablo, Turbo, Moo Deng Lead Top Meme Coins to Invest in June 2025
  • Circle’s Market Cap Surges to $63.89 Billion
  • Analysts Say Qubetics Has 100x Potential While BNB and Solana Tread Water: All Top Coins to Join Today
  • Senator Schiff Proposes COIN Act Limiting Presidential Crypto Activities
  • ETH Drops to $2.3K, HBAR Slides, While BlockDAG Hits $320.5M
  • Stablecoin Supply Surges by $5.67 Billion in 30 Days
  • Celestia Founder Confirms $100M Reserves Amid Market Volatility
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7