NFTperp DEX Recovers Lost Funds Following Critical Bug Discovery

IconCryptoNewsTerminal Staff15 Jun, 2024

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NFTperp DEX Recovers Lost Funds Following Critical Bug Discovery

NFTperp's Swift Recovery of Lost Funds A recent bug on the NFT perpetual futures decentralized exchange (DEX) nftperp was promptly addressed, resulting in the successful recovery of all lost funds. The incident occurred when a critical bug was identified in the exchange contract. The nftperp team acted swiftly, pausing all contracts and launching an investigation. Trading Resumption Expected The dev team is currently working diligently to re-enable the contract, allowing trading and withdrawals to resume. However, due to price discrepancies between the mark price and the index price, trading remains suspended. Previous Announcement Prior to the recovery, the nftperp team had announced the discovery of the critical bug and the suspension of all contracts until further notice. Their prompt and transparent communication demonstrates their commitment to user protection and security. NFTperp's Commitment to Security This incident highlights nftperp's dedication to maintaining a secure and reliable platform for NFT trading. The team's swift response and successful recovery of lost funds demonstrate their unwavering responsibility towards their users.

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