- Gnosis Pay suffered a critical security breach after attackers exploited a vulnerability in its Delay Module smart contract
- A triangle pattern drives the mid-to-long-term sideways trend in Gnosis coins.
- Gnosis co-founder Martin Koppelmann indicated confidence in containing most of the damage and pledged to fully compensate affected users
Another DeFi exploit surfaced again on Monday, 1st June, targeting the Zodiac delay module of gnosis pay. The actual amount of drain or funds loss is not yet disclosed, but Gnosis co-founder and CEO Martin Koppelmann said that Gnosis will fully reimburse affected individuals. Following the security breach, the native ecosystem token for Gnosis Pay— Gnosis (GNO)— is down roughly 7% to currently trade at $107.25.
Gnosis Pay Exploited as Attackers Bypass Smart Contract Security
Gnosis Pay, the decentralised payment network built directly on the Gnosis Chain, suffered a critical security breach on Monday. Attackers exploited a vulnerability in its “Delay Module” smart contract, leading to an emergency notice for all users to protect their as...
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