Zokyo Releases Velocore Security Incident Report: Constant Product Pool Loses Approximately $6.80 million in ETH
On July 4th, in response to the previous hacking incident, blockchain security company Zokyo released a Velocore post-mortem analysis report, which disclosed that the Constant Product Pools lost about $6.80 million worth of ETH, and the USDC-ETH-VLP vault lost 155 ETH and over 500,000 USDC. According to Velocore, according to the exploit contract and the steps taken by the attacker to successfully recover, this exploit requires a determined attacker to have a considerable degree of precision to obtain the final value passed to the Velocore operation.
In addition to this, exploits must also be algorithmically executed in order to create meaningful values for other depleted pools. This level of exploitation requires extensive security research and rigorous testing under a variety of different market conditions, which should be performed by technicians with extensive experience in the field.