
Min 🥤|Aug 05, 2025 17:32
No users were impacted. This was a minor incident — more of a scratch than a scar. We’ve already moved on.
As I've stated many times, exploits in crypto are becoming more frequent. Despite multiple audits, extensive testing, and thorough code reviews, human error remains an unavoidable risk. We believe A.I. will play a major role in reducing these vulnerabilities over time — but we’re not there yet.
We’re no strangers to these situations. Our team has deep experience working with law enforcement, exchanges, security researchers, legal experts, and forensic specialists to track down attackers and mitigate impact. In fact, we’d argue SODAX is one of the most seasoned teams in managing exploit risk.
At SODAX, we treat exploit response as part of the cost of doing business in this space. That’s why we’ve put systems in place including: Real-time monitoring and active risk management, Protocol-Owned Liquidity (POL) over borrowed liquidity, An emergency fund to support recovery when needed.
That said, we fully acknowledge there's still room for improvement. Incidents like this serve as valuable lessons — and we take them seriously. We remain proactive, prepared, and committed to building stronger every day.(Min 🥤)
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