@TradeOnStrat
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The Initia L1 was halted at 06:18 UTC on November 10 in coordination with validators as a protective measure.View quoted post on X
We took this step after identifying unauthorized transfers from the escrow accounts on the Initia L1 that hold assets bridged to several rollups. Our investigation so far indicates that the transfers were made using compromised rollup infrastructure keys allowing an attacker to fabricate IBC transfers.
Our preliminary review indicates that approximately $605,000 USDC left Initia through Noble along with $10k in other tokens before the network was paused. Most of the remaining assets moved out of the escrow accounts are still on the halted L1.
We are working to determine the full scope with security teams, validators, and exchanges. We will share more details as they become available. Please remain cautious of unofficial links, messages, or claims.
Most people assume prop trading firms are a scam, so I asked @Sukriti2108 to explain how @TradeOnStrat actually works and pays traders 90% of their profits.
I asked her how a funded account works and who carries the losses.
> How does someone get funded on Strat, and whose capital is it?
> Is it real capital trading live or a simulated account?
> When a funded trader loses, who loses that money?
> You pay out 90% of profits and most traders lose, so how does Strat make money?
> Does the business do better when traders fail?
> What makes Strat different from other prop firms?
> If my friend buys a funded account, how much do they pay versus what they get?
Full Q&A👇View quoted post on X
u think you’re a good trader??
put those skills to work with Strat’s funded capital
and keep 90% of the profits 💅🏻
A very gud deal imoView quoted post on X
