Floki Inu (FLOKI) Disabled Cross-Chain Bridge with Immediate Effect

Floki Inu (FLOKI) recently declared that they had disabled its OKLG-powered cross-chain bridge immediately.

#FLOKI CROSS-CHAIN BRIDGE DISABLED WITH EFFECT IMMEDIATELYhttps://t.co/XTwXgLBHPs

— Floki Inu (@RealFlokiInu) February 3, 2022

The decision is to protect FLOKI holders from loss since the team has discovered an exploit that could potentially put users at risk.

FLOKI team noted in their medium blog post that they had been informed on time about the exploit, and as soon as they were told, the team immediately decided to disable the cross-chain bridge so that bad actors couldn’t take advantage of it.

The team behind FLOKI further highlighted that the exploit is present in all OKLG-powered cross-chain bridges (not just the FLOKI Bridge). The developer is actively working to ensure other projects using the bridge are not at risk.

The company ensured its holders that the exploit was discovered on time. Therefore, all their FLOKI tokens are safe, and they don’t have to worry, nor do they have to do anything.

The Post writes:

“With effect immediately, the FLOKI cross-chain bridge has been disabled.

The bridge was disabled to protect FLOKI holders after discovering an exploit that could potentially put users at risk.

Thankfully, we were informed about the exploit on time and swung to action immediately to disable the bridge before bad actors could take advantage of it.”

No further details about the possible exploit were provided. The update is provided by FLOKI to remain transparent with the community.

At the press time, Floki Inu (FLOKI) is trading at the price of $0.00003154, down more than 10% for the day. However, the 24-hour trading volume for the token surges 39.82% to $ $6,568,630.45 compared to the previous trading day.