Unauthorized Withdrawal Detected at FlashTrade
FlashTrade experienced an unauthorized withdrawal of $98,000 from its platform. The incident was quickly contained, and user funds are reported to be safe.
FlashTrade, a Solana perps protocol, detected an unauthorized withdrawal of $98,000 from its ephemeral instance. In response, the platform paused trading, deposits, and withdrawals as a precautionary measure.
Thanks to the newly implemented withdrawal batching and monitoring system, the incident was identified swiftly and contained. The team has stated that they will fully cover the amount lost, ensuring that all user funds remain secure.
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