Cork Protocol Co-founder: Will redeploy the protocol and restore all funds as soon as possible

Odaily News Phil Fogel, co-founder of Cork Protocol, posted on the X platform that he has received support and help from the crypto community after the hack, but the situation is still full of challenges. He is actively conducting a thorough post-investigation and cooperating with relevant departments, fund tracking experts and security experts to restore all funds and redeploy the protocol as soon as possible.
According to previous news, the Cork Protocol exchange rate was suspected to be controlled externally, resulting in a price manipulation vulnerability. It was hacked and suffered losses of approximately US$12 million. All contracts have been suspended.