FlashTrade Covers $98K Loss, Restores Trading on Solana Protocol
2026-07-22 11:02

Woofun AI reports that FlashTrade, a perpetual protocol on Solana, has reinstated trading operations following an incident involving an unauthorized $98,000 withdrawal. The team confirmed that user assets remain secure and that the financial loss will be fully absorbed by the project, leaving users unaffected.

Deposits and withdrawals continue to be suspended for approximately 24 hours to facilitate fund reconciliation. The team is currently waiting for MagicBlock to finalize risk disclosure and deploy a security patch, a process expected to conclude within 12 to 24 hours.

Disclaimer: Views are the author's own and do not represent the platform. Do not reproduce without permission. Content is for reference only, not investment advice. Trade at your own risk.
Tags:
FlashTrade
MagicBlock
Solana
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