0VIX: An ultimatum has been issued to the attacker on the chain to request him to return the funds

On April 29, it was reported that the Polygon Ecological Project 0VIX Protocol tweeted that at present, it has issued a ultimatum to the attackers on the chain, asking them to return the funds or bear the legal consequences of their actions. The exploit of this attack is the result of the price manipulation of vGHST, which is listed as a non mortgaged asset on 0VIX. As an emergency procedure, the transfer, mining, and liquidation of oToken have been suspended in the 0VIX Polygon POS and zkEVM markets. 0VIX is currently researching solutions, and more information on the situation and its impact will be released soon.

0VIX: An ultimatum has been issued to the attacker on the chain to request him to return the funds

I. Introduction
– Brief explanation of 0VIX Protocol
– Explanation of the recent attack on the protocol
– Overview of the purpose of the article
II. Overview of the Attack
– Explanation of the exploit
– Details on the price manipulation of vGHST
– Brief explanation of non-mortgaged assets on 0VIX
III. Ultimatum on Attackers
– Explanation of the ultimatum issued by 0VIX Protocol
– The legal consequences of the attack
– Call to return the funds taken or face legal action
IV. Emergency Procedures Implemented
– Suspension of transfer, mining, and liquidation of oToken
– Explanation of POS and zkEVM markets
– Details on the research of solutions by 0VIX
V. Impact of the Attack
– Explanation of the potential consequences to 0VIX Protocol
– Speculation on the future implications of the attack
VI. Conclusion
– Reflection on the severity of the attack
– Recap of the ultimatum and emergency procedures
– Anticipation of more information from 0VIX Protocol
# On April 29, Polygon Ecological Project 0VIX Protocol Issued Ultimatum to Attackers, Suspending oToken Transfer and More
On April 29, 2021, the Polygon Ecological Project 0VIX Protocol was the target of an attack resulting from the price manipulation of vGHST. As an emergency procedure, the transfer, mining, and liquidation of oToken have been suspended in the 0VIX Polygon POS and zkEVM markets. To respond, 0VIX Protocol tweeted that it has issued a ultimatum to the attackers, asking them to return the funds or bear the legal consequences of their actions. 0VIX is currently researching solutions, and more information on the situation and its impact will be released soon.

Overview of the Attack

The exploit of this attack on 0VIX Protocol is the result of the price manipulation of vGHST, which is listed as a non-mortgaged asset on 0VIX. Non-mortgaged assets on 0VIX are tokens that are not backed up by any collateral. This makes them more vulnerable to attacks as they lack the security of being supported by collateral. The specifics of the attack are still unclear, but it was reported to be serious.

Ultimatum on Attackers

As a response to the attack, 0VIX Protocol issued an ultimatum to the attackers, asking them to return the funds or face legal action. While the specifics of the ultimatum are unclear, the Protocol made it clear that it will not stand for such attacks. 0VIX Protocol has taken the necessary actions to safeguard its assets and ensure the security of its users.

Emergency Procedures Implemented

In addition to the ultimatum, 0VIX Protocol has implemented emergency procedures to prevent further damage. Transfer, mining, and liquidation of oToken have been suspended in the 0VIX Polygon POS and zkEVM markets. POS and zkEVM markets are the two trading platforms available on 0VIX. This will allow 0VIX to investigate and research solutions to prevent future attacks.

Impact of the Attack

The potential consequences of this attack on 0VIX Protocol are still unclear. However, it is clear that this is a serious issue that needs to be addressed immediately. Given that 0VIX Protocol is a growing platform with a large user base, this attack could have far-reaching implications.

Conclusion

The recent attack on 0VIX Protocol highlights the vulnerability of blockchain platforms to attacks. Although much remains to be known about the attack, it is clear that 0VIX Protocol is taking swift and decisive action to safeguard its assets and users. As more information becomes available, 0VIX Protocol will release updates to keep users informed.

FAQs:

1. What is 0VIX Protocol?
– 0VIX Protocol is a blockchain protocol with its own non-fungible token.
2. What is the significance of non-mortgaged assets on 0VIX?
– Non-mortgaged assets on 0VIX are more vulnerable to attacks as they lack the security of being supported by collateral.
3. What emergency procedures has 0VIX implemented following the attack?
– 0VIX Protocol has suspended oToken transfer, mining, and liquidation in POS and zkEVM markets.