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Angle Protocol Issues Post-Hacker Attack Protocol Overview

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Angle Protocol Issues Post-Hacker Attack Protocol Overview

On March 15th, it was reported that the decentralized stable currency protocol, Angle Protocol, had prepared a detailed overview of the post Euler Finance hacker attack protocol based on the information on the chain. Among them, the affected USDCs were approximately $17.52 million, and the total value of the tokens held by the DAO (including agEUR) was approximately $19.59 million. The team is closely monitoring the situation and working with the authorities to provide all assistance it can provide to investigate the hacker attack, The update will be shared as soon as it is received.

Angle Protocol: The USDC affected by hacker attacks is approximately $17.52 million, and the DAO still holds nearly $20 million in tokens

Analysis based on this information:


Angle Protocol, a decentralized stable currency protocol, recently released an overview of the post Euler Finance hacker attack protocol, which was based on the information extracted from the blockchain. The attack had a significant impact on the company, with USDCs worth approximately $17.52 million and tokens held by the DAO valued at $19.59 million being affected. The company stated that it is closely working with the authorities to provide all necessary information and assistance to investigate the matter.

One of the essential key takeaways from this message is the implication of hacker attacks on blockchain-based protocols. Unfortunately, the blockchain community has not been immune to hacker attacks, making it necessary to develop post-hacker attack protocols based on information retrieved from the blockchain. Angle Protocol has done precisely that by releasing a comprehensive report on how the Euler Finance hacker attack impacted their system.

Another crucial point to note is the magnitude of the attack. When converted into US dollars, the value of assets affected was over $37 million, which is no small amount. No doubt, the attackers had a well-thought-out plan before breaching the system. This again reinforces the need for companies to have in place robust security measures to deter potential attackers.

Further, the message highlights the importance of collaboration with authorities in investigating cybercrime. Angle Protocol is working closely with the authorities to provide any necessary information or assistance to help solve the case. Such collaboration helps to increase the chances of catching perpetrators of such crimes and consequently decreases their occurrence.

In conclusion, the Angle Protocol report on the post Euler Finance hacker attack protocol highlights the critical impact of security breaches on blockchain-based protocols. Companies should continue to put in place robust security measures to prevent future attacks. In the event of an attack, it is essential to have a post-hacker attack protocol in place based on information on the blockchain. Finally, collaboration with authorities helps in apprehending the perpetrators of such crimes.

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