Ultimatum Issued to Attackers of Polygon Ecological Project 0VIX Protocol

On April 29, it was reported that the Polygon Ecological Project 0VIX Protocol tweeted that at present, it has issued a ultimatum to the attackers on the chain, asking them to return the funds or bear the legal consequences of their actions. The exploit of this attack is the result of the price manipulation of vGHST, which is listed as a non mortgaged asset on 0VIX. As an emergency procedure, the transfer, mining, and liquidation of oToken have been suspended in the 0VIX Polygon POS and zkEVM markets. 0VIX is currently researching solutions, and more information on the situation and its impact will be released soon.

0VIX: An ultimatum has been issued to the attacker on the chain to request him to return the funds

Introduction

On April 29, the Polygon Ecological Project 0VIX Protocol tweeted that it has issued an ultimatum to the attackers on the chain to return the funds or face the legal consequences of their actions. This article will explore the recent attack on the 0VIX protocol, the reason behind it, and the actions taken to remedy the situation.

Attack on 0VIX

The attack on 0VIX was caused by price manipulation of vGHST, which was listed as a non-mortgaged asset on the 0VIX protocol. The exploit allowed the attackers to steal funds from the protocol.

Ultimatum to Attackers

0VIX has taken a strong stance against the attackers and issued an ultimatum demanding the return of the funds. If the attackers fail to comply, they will face legal consequences for their actions.

Emergency Procedures

As an emergency procedure, the 0VIX protocol has suspended the transfer, mining, and liquidation of oToken in both the Polygon POS and zkEVM markets. This is to prevent further exploitation until a solution is found.

Researching Solutions

The 0VIX team is currently researching solutions to the attack and is expected to release more information soon. The team is committed to ensuring the safety and security of its users and the protocol.

Conclusion

The recent attack on 0VIX is a sobering reminder of the importance of security in the cryptocurrency industry. It is a complex issue that requires constant attention and improvements. The actions taken by 0VIX serve as an example of how to deal with such attacks.

FAQs

1. Can the stolen funds be recovered?
– If the attackers comply with the ultimatum and return the funds, they can be recovered. However, if they do not comply, the funds may be lost.
2. How long will the suspension of oToken transfer, mining, and liquidation last?
– The suspension will last until a solution is found and the protocol is deemed safe for use once again.
3. Is 0VIX the only protocol that has been attacked?
– No, other protocols have also been attacked in the past. It is important to stay vigilant and follow best practices for security in the cryptocurrency industry.