Wombat Exchange Alerts Users of Unauthorized Velocore Fork on ZKsync

Wombat Exchange Issues Alert on Unauthorized Fork by Velocore

According to a recent statement from Odaily, Wombat Exchange has raised concerns regarding a unauthorized fork of its design. Velocore, a decentralized exchange operating on the ZKsync chain, has reportedly created a copy of Wombat's platform without authorization.

Understanding the Risks of Unauthorized Forks

Wombat Exchange has warned its users to exercise caution when interacting with Velocore's platform. Such unauthorized copies can pose significant risks, including:

• Security vulnerabilities: Unauthorized forks may not have the same level of security measures.
• Inaccurate information: Users may be misled about the platform's legitimacy and features.
• Loss of funds: Engaging with unverified exchanges could lead to financial loss.

Stay Informed: Conduct Your Own Research (DYOR)

Wombat Exchange encourages its users to practice due diligence and conduct their own research (DYOR) before engaging with any new or unfamiliar platforms. Here are a few tips to protect yourself:

1. Verify the platform: Check for official announcements and communications.
2. Research the team: Investigate the credibility of the developers behind the project.
3. Read user reviews: Seek feedback from others who have used the platform.

Conclusion

The recent alert from Wombat Exchange underscores the importance of vigilance in the cryptocurrency space. As decentralized exchanges continue to grow, so too do the risks associated with unauthorized copies. Stay informed, be cautious, and always DYOR to ensure a safe trading experience.