Velocore, a prominent decentralized exchange on zkSync and Linea blockchains, has suffered a devastating hack resulting in a staggering $10 million loss. Despite this significant breach, the activity on ZkSync and Linea blockchains remained unaffected, showcasing the resilience of these protocols. As authorities and security experts collaborate to identify and rectify the exploit mechanism, the crypto community is left reeling from the aftermath.

The hack targeted Velocore's liquidity provider tokens, a critical component of the DEX's infrastructure, allowing hackers to move a significant sum across blockchain networks to the Ethereum mainnet. This exploit came as a surprise, given Velocore's previous security audits from reputable firms. Linea Blockchain experienced a brief pause in block production, the cause of which is still under investigation.

Fortunately, Velocore's stable pools remained intact, enabling users to withdraw their funds. The team has engaged with top security firms and reached out to centralized exchanges to freeze the stolen assets, attempting to mitigate further financial damage. Velocore has isolated the exploit mechanism and initiated an on-chain negotiation process with the hacker, while a comprehensive post-mortem review is underway.

The market reacted swiftly, with Velocore's native token, VC, taking a 5% hit. Trading volumes surged by over 600% as news of the exploit broke, reflecting the market's immediate reaction. However, the zkSync and Linea protocols showed minimal impact, with steady ongoing operations.

The community is demanding refunds, and Velocore's response is eagerly awaited. This exploit highlights the persistent vulnerabilities within the decentralized finance space, emphasizing the importance of quick and coordinated action. As the investigation unfolds, stakeholders remain hopeful for restitution and preventative measures to avert future exploits.

The incident serves as a stark reminder of the need for robust security measures and vigilance in the crypto space. Velocore's prompt response and collaboration with security experts demonstrate the community's resilience and determination to overcome adversity. As the dust settles, the crypto world watches with bated breath, eager for resolution and a renewed focus on security and innovation.