Cypher Unveils Recovery Strategy: Initial Stage to ‘Socialize’ Losses

Crypto trading platform Cypher has released a strategy to recover from its $1 million exploit, indicating that it will "socialize" losses across the community.
Crypto trading platform Cypher has released a strategy to recover from its $1 million exploit, indicating that it will "socialize" losses across the community.
Cypher Protocol has frozen $600,000 worth of cryptocurrency obtained through a security flaw on August 7.
As contributors try to get in touch with hackers to discuss a refund of funds, the contracts for the protocol are currently frozen.