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Velvet Capital has been forced to temporarily shut down its website due to abnormal activity

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2024-04-23 07:40:27
Velvet Capital, a Binance Labs-backed DeFi asset management protocol, experienced unusual activity and was forced to temporarily shut down its website to prevent major phishing attempts. Community members reported unusual activity on the VelvetCapital trading platform on April 23. Users who try to connect to the front end will be prompted to approve their wallet access to the protocol. An internal investigation led to VelvetCapital issuing a cyber security alert advising investors to reject all wallet connection requests from the app until further notice.
According to blockchain investigator ZachXBT, the attackers managed to steal around $40,000 worth of cryptoassets at the time.
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