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Scam Alert

Layer2DAO Hacked For Nearly 50 Million L2DAO

October 23, 2022 - Around 1 mins mins to read
Investment DAO Layer2DAO announced on Twitter that a hacker was able to gain access to a platform multisig on Optimism and drain 49,950,000 L2DAO.
Layer2DAO Hacked For Nearly 50 Million L2DAO
Layer2DAO Hacked For Nearly 50 Million L2DAO 3

The project negotiated with the hacker and repurchased 31,239,677 tokens.

And the devs felt that getting the tokens out of the hands of the hackers was necessary to stabilize the token price and regain the market’s trust.

The project said it would evaluate additional opportunities to help support the token price over the coming days.

According to CoinMarketCap data, the L2DAO price dropped 34% over the last 24 hours.

Layer2DAO Hacked For Nearly 50 Million L2DAO
L2DAO price chart. Source: CoinMarketCap

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Scam Alert

Layer2DAO Hacked For Nearly 50 Million L2DAO

Investment DAO Layer2DAO announced on Twitter that a hacker was able to gain access to a platform multisig on Optimism and drain 49,950,000 L2DAO.
Layer2DAO Hacked For Nearly 50 Million L2DAO
Layer2DAO Hacked For Nearly 50 Million L2DAO 6

The project negotiated with the hacker and repurchased 31,239,677 tokens.

And the devs felt that getting the tokens out of the hands of the hackers was necessary to stabilize the token price and regain the market’s trust.

The project said it would evaluate additional opportunities to help support the token price over the coming days.

According to CoinMarketCap data, the L2DAO price dropped 34% over the last 24 hours.

Layer2DAO Hacked For Nearly 50 Million L2DAO
L2DAO price chart. Source: CoinMarketCap

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News