Cryptocurrency analysis firm, Santiment, recently reported that their protocol was the victim of theft by an unknown hacker. In order to ensure safety, they took the necessary steps to identify the perpetrators, secure their remaining funds, and recover any stolen funds. The team became aware of suspicious activity around 6:00 pm UTC and promptly took action. They paused the protocol's main contract to protect against further exploitation and also consulted third-party security professionals to fix the vulnerability and allow debt repayment by users. Currently, they are working with law enforcement and other contributors to track and identify the hacker, as well as retrieve any stolen funds. The Santiment Network’s token (SAN) is unaffected, the 24-hour trading price showing a slight 2.01% increase from the previous report according to CoinMarketCap.

Santiment’s team have not disclosed the amount of funds lost in the incident, however it is evident that swift response and careful procedure has been of utmost importance. In keeping with their natural security protocols, Santiment reported the findings and took immediate steps to mitigate further damage. This method of action and relentless effort in ensuring customer safety emphasizes the need for more secure computation protocols in a cryptocurrency market. As the world of cryptocurrency continues to evolve, it is paramount that investors and users alike continue to educate themselves in the security practices necessary to protect their funds.



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