Stabble, a cryptocurrency platform, has issued an urgent statement advising users to temporarily withdraw their liquidity.
The new team behind the project stated in the announcement that, although there has been no attack or security breach, additional audit processes have been initiated as a precautionary measure.
Reports indicate that a developer linked to North Korea has been involved with the project for an extended period.
Allegations raised by on-chain analyst ZachXBT are one of the main reasons for this call. He claims that a former IT employee with ties to North Korea was involved in the Elemental project associated with Stabble.
In response to these allegations, the Stabble team acknowledged that such an incident may have indeed occurred about a year ago, but they stated that the new management, which took over four weeks ago, has restructured all processes within the project.
Notably, the developer named Keisuke Wanabe has been revealed to be North Korean, claiming to be a blockchain and Solana developer. The recently hacked Drift Protocol also disclosed that a North Korean hacker played a role in establishing trust during the attack, suggesting that if Stabble does not have a genuine security vulnerability, the situation may be relatively mild.
This article does not constitute investment advice.