The Levana perpetual swap protocol on the Osmosis blockchain underwent a severe exploit. Over 13 days, an unauthorized party drained more than $1.1 million from Levana’s liquidity pools. This incident, marking a significant setback for the protocol, resulted in losing 10% of its liquidity. Root Causes Identified Investigations into the incident revealed a multifaceted cause. The post Levana Suffers Major Hack, Assures User Positions Remain Safe appeared first on CoinGape .
