Gnosis Pay Exploit: Co-Founder Retracts Withdrawal Warning, Pledges to Cover User Losses
By
@cointelegraph
Baker's choice. Dense with flavour, light on filler.
Summary
Gnosis co-founder Martin Köppelmann acknowledged an active exploit affecting the Gnosis Pay product's delay module. He initially urged users to withdraw funds, a warning amplified by security firm PeckShield, but later retracted that advice, deleting the tweet and noting most users would be unable to withdraw. Köppelmann has pledged to make affected users whole by covering losses.
Key quotes
· 4 pulledGnosis is working to contain an exploit Monday affecting its Gnosis Pay product
co-founder Martin Köppelmann acknowledged an active hack involving the system's delay module and said the project would cover user losses
users were strongly advised to withdraw all funds (EURe and GNO) and check exposure
The Gnosis co-founder later withdrew that advice, however, and deleted the initial tweet, saying that most users would not be able to withdraw their funds
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