Cork Protocol co-founders: will quickly recover the stolen funds and redeploy the protocol.

2025-05-29 01:25:42

Gate News bot message, Cork Protocol co-founder Phil Fogel released the latest statement, confirming that support from the encryption community has been received after suffering a Hacker attack. Currently, the team is actively conducting a thorough investigation of the incident while collaborating with relevant departments, tracking experts, and security experts to strive to recover all funds as soon as possible and safely redeploy the protocol.

Cork Protocol posted on social media a few hours ago, stating that today at 11:23 UTC (, Cork Protocol encountered a security incident that affected the wstETH:weETH market, resulting in approximately 3,761.8 wstETH being stolen. All other markets were not affected, and trading has been suspended while the team works with auditors to ensure that the root cause of the vulnerability is thoroughly addressed.

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Last edited on 2025-05-29 01:40:59

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