2023-2-17 00:34 |
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
The DeFi application Platypus Finance has suffered a $9 million attack, according to a series of tweets from the blockchain security firm CertiK on February 16. The post Platypus Finance hacked for $9M on Avalanche appeared first on CryptoSlate.
2023-2-17 12:00 | |
|
|
Platypus Finance’s native stablecoin fell to 48 cents from $1 earlier on Friday following the attack.
2023-2-17 10:57 | |
|
|
The attack has led to the de-pegging of the Platypus USD stablecoin, which fell to $0.48 from $1.
2023-2-17 01:02 | |
|
|
| Analogue Notcoin - TapSwap |
USDC stablecoin issuer Circle is planning on moving its legal base from Ireland to the U.S. as an IPO looms. Stablecoin issuer Circle is working on shifting its legal base to the US from Ireland, as the company gears up…
Former Commodity Futures Trading Commission Chair J. Christopher Giancarlo will join the board of directors at Paxos.
Christopher Giancarlo, former CFTC chief has joined Paxos board. Giancarlo’s advocacy for blockchain innovation aligns with Paxos’ mission for regulated solutions. Paxos aims to drive financial sector innovation with Giancarlo’s guidance on board.
Robert Kiyosaki, the author of the bestselling personal finance book “Rich Dad, Poor Dad,” has fired another financial warning shot, this time targeting the US dollar and a potential challenger – a gold-backed stablecoin from the BRICS nations (Brazil, Russia, India, China, and South Africa).
BSP approves pilot for PHPC, a Peso-backed stablecoin, in collaboration with Coins. ph. Sandbox testing to evaluate PHPC’s real-world performance and impact on local fiat ecosystem. Transition to real-world usage subject to final evaluations and approvals by central bank.
The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.
Investors remain bullish as stablecoin market cap hits $161 billion, reflecting strong liquidity and smart money movements. The post More liquidity: stablecoin market cap grows $4 billion despite Bitcoin’s pullback appeared first on Crypto Briefing.