Perpetual contract platform Levana suffered an attack, causing losses exceeding US$1.1 million

Levana Protocol, a sustainable trading platform in the Cosmos ecosystem, was hacked and lost over $1.1 million. A post-incident report provided by the team showed that the attacker was able to withdraw 10% of Levana's liquidity pool between December 13th and December 26th.

Levana is working to fix the problem and current trading positions and profits have not been affected. In the future, they plan to compensate affected liquidity providers through airdrops and distribution of protocol fees collected during the attack.