BlockBeats news, on May 29, Cork Protocol co-founder Phil Fogel stated, "We are actively conducting a comprehensive review, while collaborating with relevant institutions, tracking experts, and security professionals to recover all funds and redeploy the protocol as soon as possible."
Last night, Cyvers Alerts posted on the X platform stating that the system detected that Cork Protocol was suspected of being attacked, resulting in a loss of approximately 12 million dollars. Cork Protocol has suspended all contracts.