Investigating vGHST: Polygon Ecology Project 0VIX Protocol Suspends POS and zkEVM Markets
On April 28th, the Polygon ecological project 0VIX Protocol tweeted that it is working with security partners to investigate what appears to be related to vGHST. Therefore, the POS
On April 28th, the Polygon ecological project 0VIX Protocol tweeted that it is working with security partners to investigate what appears to be related to vGHST. Therefore, the POS and zkEVM markets have been suspended, including the transfer, casting, and liquidation of oTokens. Currently, only POS is affected, but zkEVM has been temporarily suspended as a precaution and may be reactivated soon.
0VIX: We are investigating suspected cases related to vGHST and have suspended the POS and zkEVM markets
On April 28th, the Polygon ecological project 0VIX Protocol tweeted that it is working with security partners to investigate what appears to be related to vGHST. Therefore, the POS and zkEVM markets have been suspended, including the transfer, casting, and liquidation of oTokens. Currently, only POS is affected, but zkEVM has been temporarily suspended as a precaution and may be reactivated soon.
What is vGHST?
vGHST is a deflationary ERC-20 token on the AAVEgotchi network associated with in-game items and rewards. It is designed to be scarce, with a limited supply, and its value is determined by market demand.
Why Were POS and zkEVM Suspended?
According to Polygon’s 0VIX Protocol, the suspension was necessary due to an investigation linked to vGHST. It is believed that the investigation is related to security breaches, which have resulted in the loss of funds and assets on the network.
Polygon’s team has been working diligently to resolve the issue with their security partners. However, to ensure the safety and security of their users, they decided to suspend POS and zkEVM markets temporarily.
Impact of the Suspension on Users
The suspension of POS and zkEVM has caused inconvenience to Polygon users who are eager to access or transfer their tokens. However, during this investigation period, it is essential to prioritize the safety and security of users’ funds and assets.
The Polygon team has assured their users that they will provide timely updates on the investigation and when the markets will be reactivated.
What Can Be Done in the Meantime?
While the suspension is in effect, users can still hold their oTokens. However, they cannot transfer, cast, or liquidate them on the markets.
Users are advised to stay updated on further announcements from the Polygon team and avoid any potential phishing scams that may emerge during this period.
Conclusion
The suspension of POS and zkEVM markets on the Polygon ecology project 0VIX Protocol is a necessary move to investigate security breaches related to vGHST. While it may cause inconvenience to users, it is crucial to prioritize the safety and security of users’ funds and assets. Users are advised to stay updated on further announcements and avoid potential phishing scams during this period.
FAQ(s)
Q: What is vGHST?
A: vGHST is a deflationary ERC-20 token associated with AAVEgotchi in-game items and rewards.
Q: Why were the POS and zkEVM markets suspended on the Polygon ecology project?
A: The suspension was necessary due to an investigation related to vGHST and security breaches that have resulted in the loss of funds and assets on the network.
Q: What can users do in the meantime?
A: Users can still hold their oTokens, but they cannot transfer, cast, or liquidate them on the markets. It is also advised to stay updated and avoid potential phishing scams.
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