Cypher Announces Recovery Plan After $1 Million Attack

Cryptocurrency trading platform Cypher has released a plan to recover from a $1 million attack and stated that it will “socialize” the losses across the platform in the initial phase of the recovery process. In the first phase of the plan, the Solana-based trading platform will generate a “proportional redemption package” from its existing assets, making these assets withdrawable by users through a web interface.

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