Bittime - Previously, Officer's Notes suspected that Velocore had been the target of a hack. Through a tweet on its official Twitter account, Velocore also stated that they had succeeded in identifying the cause of the hack and were working to prevent criminals from using similar methods in the future.
Velocore Improves Platform Protection
Currently, the Velocore team is coordinating with security partners to increase platform protection. As a security measure, all Velocore features, except the withdrawal function, have been temporarily disabled.
Velocore also emphasizes their commitment to always prioritizing user security. Velocore stated that they will continue to announce the latest developments regarding this incident through official channels, including Twitter, Telegram, and Discord.
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Hacking Impact and Recovery Efforts
Velocore ensured that the attack had no impact on the Telos side, the blockchain on which Velocore operates. The plan is that after the post-mortem analysis article is published, full Velocore functionality on the Telos network will be restored.
There is no official confirmation regarding the exact date of restoration of full functionality of Velocore. However, Velocore stated that it was working with security partners to determine the right time to release an analysis article following the attack.
Advisory for Velocore Users
Velocore also reminds its users to always be careful of all phishing and scam attempts that may occur after the attack. They emphasized that Velocore will never ask users to connect their crypto wallets to external websites or via direct messages on social media.
If Velocore users are in doubt about an activity in the name of Velocore, users are encouraged to contact Velocore staff directly via Telegram or Discord to verify.
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About Velocore
Velocore is a DEX that operates on multiple blockchains. Velocore offers its users a crypto asset trading experience with low fees and minimal slippage. Velocore is known as an innovative platform that prioritizes user security.
The recent attack experienced by Velocore is a reminder of the importance of cybersecurity in the cryptocurrency industry . It is hoped that Velocore can immediately resolve this incident and restore the trust of its users.
Identifying the root of the problem and implementing security measures is expected to prevent greater losses. Although certain functionality of Velocore has not been fully restored, users can still withdraw their funds.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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