Cyber Protocol Imitate the Bitget Path Reveals $600K of Stolen Funds Is Frozen on CEXs

[Bash4j]

Solana-based decentralized futures exchange Cypher Protocol has managed to freeze $600,000 worth of crypto stolen from an Aug. 7 security exploit.

In an X (Twitter) post on Aug. 18, Cypher Protocol reported that more than half of the funds stolen have been successfully frozen across centralized exchanges with the help of several independent blockchain investigators. A gesture similar to Bitget action in support of the Reelt token community. The exchange froze about $200,000 in 4 separate accounts due to abnormal trading behavior that initiated Rugpul scenarios.

Crypto scam is a monster that must be defeated. What are your thoughts?

[BashJasper]

Crypto is all about the community and the earlier these platforms realized that coordinated fraud against the community is a monster that should be defeated squarely the better. I support platforms that enforce such principles to sanitize the industry and protect the community.

We really need more actions like this. Kudos to them btw