🚨 Another bloody DeFi incident...

The USPD stablecoin has just been attacked: the hacker secretly minted 98 million $USDP and then withdrew all 232 stETH from the treasury.

The team confirms this is NOT a bug in the smart contract, but a front-run during the proxy deployment (CPIMP attack) since September 2024 without anyone being aware.

Currently:

Contacted major exchanges to freeze the hacker's wallet

Made a white proposal: return 90%, hacker keeps 10% as bounty → still "silent"

All mint/redeem has been temporarily locked

Those who have interacted with the USPD contract (mint, redeem, approve…) revoke immediately at revoke.cash or debank right away, don’t wait!

Still the old saying that always holds true: in crypto, no revoke = no good sleep.

Be careful, everyone 🚨