您现在的位置是:Origin Dollar suffers hack with OUSD losing 46% of its value >>正文
Origin Dollar suffers hack with OUSD losing 46% of its value
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛99人已围观
简介Stablecoin project Origin Dollar revealed that it has suffered a flash loan attack and lost $7 milli...
Stablecoin project Origin Dollar revealed that it has suffered a flash loan attack and lost $7 million in the process
The Origin Protocol team announced yesterday that it has suffered a hack and lost $7 million to malicious attackers. Origin Dollar (OUSD) tags itself as the first stablecoin that earns a yield while still in your wallet.
The project revealed that it lost $7 million to hackers via a flash loan attack. Following the attack, Origin Dollar paused all deposits and called all team members to figure out how the hackers exploited the vulnerability.
In their Medium post, the company wrote that “At this time, there has been a loss of funds of around $7M, including over $1M of funds deposited by Origin and our founders and employees. We are very incentivised to give 1000% in resolving the issue in whatever way possible”.
Origin Dollar further advised users not to buy OUSD on Uniswap or Sushiswap since the prices shown on the platforms don’t reflect OUSD’s underlying assets. According to earlier reports, the stolen funds included $2.25 million in Dai (DAI) and another million dollars in ether (ETH).
The attacker used a flash loan to alter asset prices, including that of OUSD. In its post, Origin mentioned this transaction as the likely root of the flash attack. Flash loans allow investors to borrow huge sums of money to use as leverage in trading DeFi tokens. The dynamic nature of Ethereum transactions allows investors to take out a loan and return it in the same transaction. As such, no collateral is required.
OUSD down by 46%
OUSD is a stablecoin, which means that it is pegged to the US dollar. However, the attack has seen OUSD lose 46% of its value over the past 24 hours. According to CoinGecko, OUSD is currently trading at $0.5, which is significantly lower than the usual $1.
Origin Dollar assured the crypto community that it is not going away. The team apologised for the incident, stating that “We are not going away. This is not a rug pull or internal scam. Despite this setback, it is very much in our intention to make OUSD a safe, secure and successful product that builds on the broader Origin mission of peer-to-peer commerce.”
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/6617.html
相关文章
101Investing Review 2020
Origin Dollar suffers hack with OUSD losing 46% of its valueIf there is a task that brokers have perfected in their operations is the ability to package assets...
阅读更多
GRT down over 90% versus its high: Is AltSignals (ASI) token safe?
Origin Dollar suffers hack with OUSD losing 46% of its valueThe Graph is now down over 90% versus its recent high.Factors that could unlock further upside in Al...
阅读更多
Top analyst's Bitcoin price outlook for the next week
Origin Dollar suffers hack with OUSD losing 46% of its valueThe next week will be critical for BTC, crypto analyst Michael van de Poppe says.Bitcoin price could...
阅读更多
热门文章
- Ethereum Reach A $1 Trillion Valuation This Year
- Elrond price jumps 33% as eTorox lists EGLD
- The Crypto Sector Is Yet To See The Best Of Ethereum
- Chancellor Outlines Future UK Digital Currency
- Colombia’s President Used For Crypto Scam On The Internet
- Pink Moon Studios Reveals 'KMON: World of Kogaea' Pioneering a New Era in Web3 Open
最新文章
Scientists plan to submerge pendulums in the ocean. Here's why
Bitcoin Cash strong despite altcoin sell
The University of Wyoming announces Center for Blockchain and Innovation
Narwhal Finance closing the strategic round of funding at $25M valuation
HSBC Bangladesh issues country’s first blockchain LC
DeFi is gradually cooling off as attention shifts to Bitcoin