Velocore DEX Hacked, $10M Stolen in Major Exploit

Velocore, a decentralized exchange on the zkSync and Linea blockchains, suffered a $10 million exploit targeting its liquidity provider tokens. Despite passing security audits, hackers transferred over 700 ETH to the Ethereum mainnet. While Velocore's stable pools were unaffected, the team is working with security experts and centralized exchanges to freeze the stolen assets. The incident caused a 5% drop in Velocore's native token VC, though zkSync and Linea blockchains remained largely unaffected.