[FlashTrade Faces Security Incident, Team Commits to Fully Cover $98,000 Loss] According to official reports, Solana ecosystem perpetual protocol FlashTrade has disclosed the discovery of an unauthorized $98,000 withdrawal, leading to the suspension of trading, deposits, and withdrawals. Trading functionality has since been restored, while deposits and withdrawals remain suspended for approximately 24 hours to complete fund reconciliation. FlashTrade emphasized the safety of user funds, with the $98,000 loss fully covered by the team, ensuring users are not affected. The team is currently awaiting MagicBlock to complete risk disclosure and release a patch fix (expected within 12 to 24 hours).