🚀 Sei Ecosystem's Filament DEX Faces Targeted Attack Resulting in Significant Losses
#SeiEcosystem #FilamentDEX #TargetedAttack #CryptoLosses #PriceManipulation #SelfLiquidation #UserDeposits #BlockchainSecurity #Investigation #WhiteHatBounty #SEI
According to Foresight News, the Sei ecosystem's derivatives decentralized exchange (DEX), Filament, experienced a targeted attack on April 6 between 8:00 and 12:00 UTC+8. The attackers exploited price manipulation and self-liquidation mechanisms to illegally withdraw funds. The total user deposits amounted to approximately $680,000, with estimated losses reaching around $572,000.
In response to the attack, Filament has suspended trading and withdrawals on the platform. The company is collaborating with law enforcement agencies and blockchain partners to investigate the incident. The stolen funds were reportedly transferred through the Symbiosis cross-chain bridge to the FixedFloat exchange platform.
Filament has publicly offered a 10% white hat bounty to the attackers and urged them to contact the team for a negotiated resolution.#SeiEcosystem #FilamentDEX #TargetedAttack #CryptoLosses #PriceManipulation #SelfLiquidation #UserDeposits #BlockchainSecurity #Investigation #WhiteHatBounty #SEI
🚀 Yei Finance Suspends Operations Amid fastUSD Market Irregularities
#YeiFinance #SeiEcosystem #LendingProtocol #fastUSD #MarketIrregularities #Suspension #Investigation
According to BlockBeats, Sei ecosystem lending protocol Yei Finance has announced a suspension of its operations due to irregularities in the fastUSD market. The team is actively investigating the situation and anticipates providing an update within the next 24 hours.#YeiFinance #SeiEcosystem #LendingProtocol #fastUSD #MarketIrregularities #Suspension #Investigation