According to BlockBeats news, on May 29, Phil Fogel, co-founder of Cork Protocol, stated, “We are actively conducting a thorough review and are working with relevant institutions, tracking experts, and security professionals to recover all funds and redeploy the protocol as soon as possible.” Last night, Cyvers Alerts posted on the X platform, stating that the system detected that Cork Protocol was suspected of being attacked, with losses of approximately 12 million dollars. Cork Protocol has suspended all contracts.
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