FlashTrade suffers $98,000 in fund losses, team promises full compensation
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Solana ecosystem protocol FlashTrade discovered an unauthorized withdrawal of $98,000 and subsequently suspended trading, deposits, and withdrawals. Currently, FlashTrade's trading function has resumed, while deposits and withdrawals are suspended for approximately 24 hours to complete fund reconciliation. The FlashTrade team has committed to fully covering the $98,000 loss and stated that user funds are not affected. The FlashTrade team is waiting for MagicBlock to complete a risk disclosure and release a patch, which is expected to take 12 to 24 hours.
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