The Arbitrum ecosystem stablecoin project SperaxUSD was attacked yesterday, the protocol has been suspended and will undergo an upgrade next week

2023-02-05 10:04:41

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ChainCatcher news, the Arbitrum ecosystem stablecoin project SperaxUSD released a report stating that yesterday morning an attacker increased the Token balance of their address to 9.7 billion without providing the corresponding collateral, and was able to liquidate approximately $300,000 before the Sperax team and Arbitrum ecosystem partners jointly intervened to stop it. The Sperax team stated that they have identified the attacker's account on a CEX and are in contact with the attacker to discuss a solution.

Currently, all stablecoin USDs trading and smart contracts have been suspended and will be addressed through an upgrade of the smart contracts next week. Before restarting the protocol, the Sperax team will restructure the capital of the liquidated amount. (Source link)

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Arbitrum SperaxUSD USDs

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