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Primitive Finance revealed in a post that a critical vulnerability was discovered in Primitive Finance smart contracts. As the contract is not upgradeable or pausable, the platform chose to whitehack their own smart contracts to safeguard user funds.
Whitehacked funds are safe, and all whitehacked funds will be returned to their owners, Primitive Finance stressed. It added that a post-mortem of the vulnerability, the timeline of actions taken to protect user funds, and the immediate next steps to return user funds will follow soon.
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