source avatarsasami😈

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The old Aztec protocol has been hacked. • Aztec Connect, discontinued three years ago • Aztec Labs has fully relinquished all administrative control • No one can upgrade, halt, or remediate the system • Funds from users who did not withdraw before discontinuation remained, with approximately $2.1 million stolen • Unrelated to the current Aztec Network or AZTEC token ------- Raydium’s recent hack also targeted a discontinued protocol. It appears AI is being used to identify previously shut-down protocols with remaining funds. The team has notified users to withdraw their funds, and it’s understandable that maintaining security for deprecated systems indefinitely is challenging. However, such incidents damage the industry’s reputation and harm the image of the compromised projects. Project development teams should re-evaluate the security of all previously discontinued services. All users can do is ensure they withdraw funds when a service shuts down—and spread the word to others📢

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