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Polygon-Based DeFi Protocol 0VIX Targeted in $2 Million Attack

Cointime Official

Decentralized finance (DeFi) protocol 0VIX has been the target of a recent attack, resulting in a loss of approximately $2 million. Web3 security auditor Hacken shared the details of the attack on Twitter, providing the transaction ID of the exploit. The stolen tokens include USDC, USDT, and GHST.

In response to the attack, 0VIX has paused its POS and zkEVM markets, including oToken transfers, minting, and liquidations. While only POS has been affected so far, zkEVM has been paused as a precaution and is expected to be enabled again soon. The protocol is working with its security partners to investigate the situation, and further communications will follow shortly.

About 0VIX

0VIX is a Decentralized Finance (DeFi) liquidity market protocol, built on Polygon. The 0VIX protocol enables users to effortlessly lend, borrow and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow using over-collateralization.

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