🚨 USPD Hack Exceeds One Million Dollars!
The USPD protocol was exploited in a major attack exceeding 1 million dollars, and the details are very serious:
🔸 The attacker deposited about 3,122 ETH as collateral
🔸 Exploited a vulnerability that allowed him to mint tokens against the collateral ×10 at once
🔸 Resulting in about 98 million USPD from a single deposit!
After that, the attacker:
💥 Withdrew 237 stETH as collateral
💥 And exchanged USPD via Curve for about 300 thousand USDC
⚠️ The attack reveals a significant flaw in the collateral accounting logic within the protocol.
🗣 X.com/Crypto_News24_z
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