Cega user funds are safe and protocol wallets were not impacted. We wanted to share this update given the Solana exploits that we've all witnessed. More details below about our proactive/preventative security measures.
We sincerely hope you're staying safe 🙏
We sincerely hope you're staying safe 🙏
1/ Cega protocol wallets are used only for the Cega program and do not allow permissions for any other app. Early during this exploit it was believed that bad permissions were leading wallets to be drained.
2/ We confirmed that market makers who Cega trades with were not impacted (thus traded funds are safe), and that market makers do not hold Cega funds in hot wallets.
3/ During this exploit we also proactively moved protocol funds from hot wallets to cold wallets. Some funds were also transferred temporarily to CEXs.
4/ We advise that users send Cega vault tokens to their cold wallet (e.g. Ledger) to be extra safe while they are generating yield.
5/ Security continues to be our #1 priority and this incident was a reminder of the importance of being diligent every day. We hope you stay safe!
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