Hassan Maishera
On Monday, Sonic Labs (formerly Fantom Foundation) announced via X that it had deployed a safety mechanism planned to be implemented in an upcoming network upgrade.
This comes after the Sonic security team was notified of suspicious activity involving a potential exploit on the Beets Protocol. The team has also frozen some wallets pending further investigation.
Sonic (previously Fantom) is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its S coin is up 4.6% in the last 24 hours and is currently trading at $0.1214.
