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Home » Typography Elements » Velvet Capital’s Website Temporarily Shut Down Due to Unusual Activities in DeFi Protocol
DeFi

Velvet Capital’s Website Temporarily Shut Down Due to Unusual Activities in DeFi Protocol

By adminJul. 4, 2023No Comments1 Min Read
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Velvet Capital's Website Temporarily Shut Down Due to Unusual Activities in DeFi Protocol
Velvet Capital's Website Temporarily Shut Down Due to Unusual Activities in DeFi Protocol
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News Article Translation:

In an effort to prevent major phishing attempts, the decentralized finance (DeFi) asset management protocol Velvet Capital, supported by Binance Labs, has temporarily closed its website due to abnormal activities. Community members reported unusual activities on the Velvet Capital trading platform on April 23rd, where users attempting to connect to the frontend were prompted to approve wallet access to the protocol. An internal investigation led Velvet Capital to issue a cybersecurity alert, advising investors to reject all wallet connection requests from the application until further notice.

According to blockchain investigator ZachXBT, the attackers successfully stole approximately $40,000 worth of cryptocurrency at the time.

Tags:
DeFi
Velvet Capital

Source link:
https://cointelegraph.com/news/binance-labs-velvet-capital-offline-website-com…

Disclaimer: All articles on Bitpush.news represent the author’s viewpoint and do not constitute investment advice.

Original article link:
https://www.bitpush.news/articles/6635387

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