Wombat Exchange Reaches Out to Community
Velocore Responds
On October 21, Wombat Exchange took to the social media platform X to announce that Velocore, a decentralized exchange (DEX) on the ZKsync network, had improperly copied Wombat’s design. Wombat urged the community to remain vigilant and emphasized the importance of users conducting their own research to understand the potential risks associated with unauthorized copies.
Wombat called upon community members to exercise caution in light of this situation. The platform warned that the unauthorized use of their design by Velocore could lead to security vulnerabilities. Wombat encouraged the community to stay informed and conduct their own investigations to protect themselves from potential risks.
Furthermore, Wombat requested community members to retweet the announcement and spread the word to other users. This statement gained significant attention from the community, quickly reaching a large audience. Community members had to carefully consider how they would respond to Velocore’s actions.
Velocore wasted no time in responding to Wombat Exchange’s announcement. In their statement, Velocore acknowledged using Wombat’s mathematical formula but denied that it was a direct copy. Velocore officials explained that they referred to Wombat’s formula as “Wombat style” for easier comprehension. They also claimed that Wombat was not the first to utilize this formula. Velocore clarified that a recent issue they faced was unrelated to the situation mentioned by Wombat.
Despite Velocore’s defense, the Wombat community had mixed reactions, with many finding it insufficient. They continued to closely monitor the situation. The exchange of statements between Velocore and Wombat Exchange sparked discussions among users, refocusing attention on security and originality concerns in ZKsync network projects.
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Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research.