Not So Safe: SafeDollar Stablecoin Falls to $0 After Exploit
The price of SafeDollar, a DeFi stablecoin built on the Polygon blockchain, plummeted to $0 today after an attacker exploited a vulnerability in its liquidity pool. The team is yet to conclude its post-mortem of the attack. SushiSwap core developer Mudit Gupta said that the attackers looted about $250,000 worth of stablecoins from the platform’s …
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