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CoinGape 2023-12-28 14:36:01

Levana Suffers Major Hack, Assures User Positions Remain Safe

The Levana perpetual swap protocol on the Osmosis blockchain underwent a severe exploit. Over 13 days, an unauthorized party drained more than $1.1 million from Levana’s liquidity pools. This incident, marking a significant setback for the protocol, resulted in losing 10% of its liquidity. Root Causes Identified Investigations into the incident revealed a multifaceted cause. The post Levana Suffers Major Hack, Assures User Positions Remain Safe appeared first on CoinGape .

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