Tuesday, November 5, 2024

Solana Devs Forked Serum Liquidity Hub After FTX Hack by Cointelegraph

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Solana devs formed a fluid center in serum after penetrating FTX

The developers of forked liquidity center for widely used serum tokens.after it was hacked on November 11 by hacking the bankrupt exchange FTX, which led to a series of unauthorized transactions.

  • Not just FTX coin: Solana price drops 40% along with other Sam coins

According to the developer whose alias is Mango Max on Twitter (NYSE:), on November 12 Created and published “Verified build of the same version”. also, Upgrade authority and fee revenue “changed and is now managed by a multi-indicator group controlled by a team of trusted developers”. Serum (SRM) and megaserum (MSRM) codes, as well as fee discounts, remain unchanged and operate as before.

Developed over the weekend. Anatoly Yakovenko, one of the founders of Solana, tweeted this Serum-based developers were thinking about the code after hacking the updated keyadding that many “protocols rely on serum markets for liquidity and settlements.”

Read the full article on Cointelegraph

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