Over the past several days, two cryptocurrency platforms have experienced thefts amounting to millions of dollars’ worth of cryptocurrency, forcing both to suspend operations and alert clients to possible losses.
Exactly Protocol, a decentralized financial platform, acknowledged on Friday that it was “actively investigating a security issue” and has temporarily suspended the protocol, limiting user activity to asset withdrawals.
Exactly Protocol, which said on August 4 that it has received deposits totaling more than $100 million, let users to lend and borrow cryptocurrency assets at fixed and variable rates.
According to a number of news sources and industry professionals, the platform lost more than $12 million as a result of the theft read more Millions stolen from crypto platforms Exactly Protocol and Harbor Protocol.
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