A #hacker has exploited the #Raft defi project in order to mint $3.3 million worth of R #stablecoin without backing. An attempt to convert the R into #ETH fails, with 1,570 ETH ($3.25 million) sent to an inaccessible burn address. The #hack causes R stablecoin to plummet to $0.70 and Raft to halt minting.
Discussion
No replies yet.