Velocore has released an update on a recent security incident that occurred on platform X, stating that due to the ongoing security investigation, they are unable to share all information on social media. However, based on on-chain/off-chain logs and interactions with multiple protocols, they are tracking the incident with security partners and continuing negotiations through on-chain messages.

Velocore mentioned that they have more sources of information and will release more announcements as the investigation progresses. They plan to upload snapshots of the state before the attack to the GitHub repository, which will serve as a benchmark for future liquidation or restarts. In Linea, there will be two snapshot blocks, as different trading pairs were involved in two separate transactions.

The company also stated that although not directly related to LP, snapshots are being taken of voters and holders who suffered losses due to the sell-off. These snapshots will be used to track the impact of the incident on the platform and to identify areas for improvement.

Previously, Velocore had released an analysis report on the vulnerability incident, which highlighted the root cause of the vulnerability as a flaw in the Balancer-style CPMM pool contract. The incident resulted in a loss of approximately $6.8 million worth of ETH, which has had a significant impact on the platform and its users.

In conclusion, Velocore's update on the recent security incident provides a glimpse into the ongoing investigation and negotiations with security partners. The company's commitment to transparency and accountability is evident in their willingness to share information and take steps to prevent similar incidents in the future. As the investigation continues, it will be important to monitor the situation and ensure that the necessary steps are taken to protect the platform and its users.