𝕏xSG first seen 6 d ago, last 6 d ago, peak #5
Cysic admits control failures, reports incident to Singapore Police
Original: 6/6 We take responsibility for the control failures that enabled this incident. We have reported it to the Singapore Pol
Crypto firm Cysic has issued a final statement taking responsibility for control failures that enabled a security incident, saying it has reported the matter to the Singapore Police and will pursue legal action. The company clarified that a token burn was a remediation measure and does not mean the stolen proceeds have been recovered.
Why now: The company's admission of fault and its warning that stolen funds remain unrecovered are drawing attention from the crypto community.
Evidence
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