Cryptocurrency

OracleSwap suspends FTSO operation after private keys compromised

flare metrics prompted OracleSwap delegates to revoke access and switch to other FTSO operators after validator private keys were compromised.

OracleSwap is a DEX protocol on the Songbird Network that allows users to earn interest by delegating Flare and Songbird tokens.

FTSO provider disclosed On January 29, it announced that its private key had been compromised in the process of open sourcing its code.

oracle swap explained That the v2 repository should be made public so that the FTSO community can see the developers working on it. However, as a result of the publication, its private key was made public.

As a result, FlareMetrics urged OracleSwap delegates to switch to other FTSO providers to avoid rewards being stolen by bad actors. According to FlareMetrics data, there are currently about 40 of his FTSO providers on the Flare Network.

Additionally, delegates are encouraged to revoke all access to OracleSwap. This is because a compromised key could give a malicious person a large amount of voting rights.

In the meantime, OracleSwap will burn Work on code and new contracts.

OracleSwap will launch a new FTSO infrastructure at a new address after the improvement proposals are implemented,” added OracleSwap.

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