Cypher Protocol: $600,000 in Stolen Funds Now Frozen on CEX

08/18 05:35

Cypher Protocol, a decentralized futures exchange based on Solana, successfully froze $600,000 worth of stolen cryptocurrency from the August 7th security breach. Cypher Protocol reported on Twitter on August 18th that with the help of several independent blockchain investigators, over half of the stolen funds had been successfully frozen on centralized exchanges. The return of these funds will depend on the cooperation of these centralized exchanges and the issuance of seizure orders by law enforcement agencies.
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