DeFi Platform Linear Finance In Crisis As LUSD Stablecoin Tanks To Zero After Exploit
DeFi protocol Linear Finance suffered an exploit yesterday, draining liquidity from its LUSD stablecoin. The Linear Finance team confirmed the exploit, saying all LUSD liquidity on decentralized exchanges Ascendix and PancakeSwap was drained. The incident led to LUSD dropping to zero. The protocol tweeted that it investigated the incident and asked users not to buy or trade the LUSD…
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