• 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

The OptiFi core network self-destructed mainly because it “didn’t understand” Solana’s toolkit

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

OptiFi, the Solana ecosystem alternatives trading platform, accidentally wiped its core network and completely blocked its users’ $ 661,000.

OptiFi self-destructing core network because "I can not understand" Solana's toolbox
OptiFi self-destructs the mainnet mainly because it “can’t understand” Solana’s toolkit

According to the task group crash report, the over trouble occurred although updating the primary network. The group explained the update took location throughout a time when Solana was congested. As a end result, the group determined to quit the improve in advance of generating an intermediary account.

Related articles

Hackers did not return money, Kyber Network threatens legal action

Hackers did not return cash, Kyber Network threatens legal action

November 27, 2023
What is Mind Network?  Data storage solution for the Web3 field

What is Mind Network? Data storage option for the Web3 discipline

November 23, 2023

The programmers then attempted to cancel the creation of this broker account by closing the system. The group utilized the “Close solana program” command.

six / no
Without entirely knowing the affect, we utilized the “solana shutdown program” and the OptiFi system on the primary network was closed and can no longer be restored.

– OptiFi (@OptifiLabs) August 29, 2022

However, the advancement group did not anticipate the over command to shut the whole protocol and completely lock the aforementioned tokens. In addition, in accordance to published information and facts, $ 661,000 has been blocked.

OptiFi says a cross and tripartite strategy will be necessary to stop instances like this from taking place once more in the potential. The group explained there will be a prepare to compensate consumers impacted by this incident.

Richard Patel, a member of Firedancer (the unit that manages Dump Crypto’s Solana validator) explained that the over trouble can be solved by implementing the new proposal. This proposal would make it possible for the deleted accounts to be restored, even if the assets are nevertheless in the aforementioned contracts.

However, Mr. Patel’s proposal is only the starting and has to go by way of some technical checks in advance of it can be officially implemented in the network.

Also this week, zkSync (in the testnet model) and Arbitrum (for the Nitro model) have pretty obvious updates. As a end result, the two tasks inform consumers in advance that they will be temporarily closed to steer clear of unpleasant incidents throughout the improve method.

As you might have heard @referee tomorrow it will improve its network to a new program stack referred to as Nitro 💨🏃‍♂️

The update will get location all-around ten:thirty am ET and will final somewhere around four hrs, throughout which time there will be downtime.

Hop transfers to Arbitrum will resume the moment the update is comprehensive. pic.twitter.com/5wRJTjKjG4

– HopProtocol (@HopProtocol) August 30, 2022

On the evening of August 30th, Compound (the primary loan task in the DeFi marketplace) also encountered some troubles throughout the item update method, triggering some consumers to freeze the ETH inside of seven days.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: coreDidntNetworkOptiFiselfdestructedSolanastoolkitunderstand
Share76Tweet47

Related Posts

James Wynn Halts Trading After Massive Loss

by shark
June 2, 2025
0

James Wynn, a prominent trader, suspended trading after a high-leverage strategy led from $4 million gains to $100 million, then...

Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly

by shark
June 2, 2025
0

Japan's Metaplanet has acquired 1,088 more Bitcoin for $117.7 million, positioning it among the top ten global holders.

Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak

by shark
June 2, 2025
0

The Bitcoin ETFs experience a net outflow of $157 million, ending six-week inflow streaks, reflecting shifts in investor sentiment due...

Nervos Network’s Force Bridge Compromised in $3M Hack

by shark
June 2, 2025
0

Cyvers Alerts reported a hack on Nervos Network's Force Bridge, compromising over $3 million in assets on June 2, 2025.

BitoPro Hack: $11.5 Million Lost in Taiwan

by shark
June 2, 2025
0

BitoPro, Taiwan-based crypto exchange, suffered an $11.5M hack in May 2025, with user fund impacts reported.

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

  • James Wynn Halts Trading After Massive Loss
  • Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly
  • Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak
  • Nervos Network’s Force Bridge Compromised in $3M Hack
  • BitoPro Hack: $11.5 Million Lost in Taiwan
  • US Congress Moves to Introduce New Crypto Legislation
  • Singapore’s MAS to Curb Overseas Crypto Activities by 2025
  • Metaplanet Acquires 1,088 Bitcoin, Total Reaches 8,888 BTC
  • 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