$450M Trade Panic on Optimism Network: Planned Not Hacked

$450 million worth of assets, which went out of Optimism (OP) accounts yesterday evening, caused panic among investors. The first statement made by Optimism was that money transfers took place under their control.

running on the Ethereum network layer 2 From the Optimism network, which provides (Layer 2) scaling service, yesterday evening (TSI 20.45) OP worth $450 million it moved. The transaction in question is a transaction between users. hacking aroused suspicion. The rapidly spreading rumors led to a sudden drop in the OP price. The traumatic reason behind this panic of users may be that there were many hacking incidents during the current August and the projects that were attacked could depreciate rapidly. OP price during this short period of panic 8% experienced a decline in Dropped to $1.25 levels.

Hours after this panic atmosphere, by the Optimism team, the transfer is planned and a statement came that there was no hacking situation. Coinbase Custody The announcement of the team about the transfers made to their wallets was as follows:

We are seeing some confusion regarding recent OP transfers from a multi-signature wallet. The operations were carried out according to plan. Today we made a series of scheduled, standard transfers to Coinbase Custody wallets from various investors at OP Labs. In the coming period, we will announce planned, large transfers in advance to avoid confusion.

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