/?pid=not-so-safe-safedollar-stablecoin-falls-to-0-after-exploit-22697

Updated:10:16 AM EST Feb 08


this is ggmania.com subsite Not So Safe: SafeDollar Stablecoin Falls to $0 After Exploit - TechAmok

Not So Safe: SafeDollar Stablecoin Falls to $0 After Exploit - [briefly]
04:11 PM EDT - Jun,28 2021 - post a comment

The price of SafeDollar, a DeFi stablecoin built on the Polygon blockchain, plummeted to $0 today after an attacker exploited a vulnerability in its liquidity pool. The team is yet to conclude its post-mortem of the attack. SushiSwap core developer Mudit Gupta said that the attackers looted about $250,000 worth of stablecoins from the platform's liquidity pools, then dumped those coins on the market by selling them on PolyDex. Gupta said that hackers managed to mint an infinite number of SDO stablecoins by exploiting the yield rates offered by the platform. On Monday, SafeDollar's team told its Telegram channel that it has "paused activities on SafeDollar and [is] investigating the matter." Once the investigation has concluded, the team will publish a plan to compensate liquidity providers. This is SafeDollar's second major attack since it launched earlier this month. An attack on June 20 resulted in the loss of 9,959 SDS, the protocol's share tokens, worth around $95,000 at the time.

Short overview of recent news articles

NASA to Allow Astronauts to Bring Smartphones to Space (Feb,08 2026 )

AT&T Launches New Samsung Phone for Kids (Feb,08 2026 )

Headphones with Noise Cancelling that Don't Stick in your Ear - (Feb,07 2026 )

Microsoft Just Killed Your Old Printer: Legacy Drivers Officially (Feb,07 2026 )

RenEngine Loader and HijackLoader Duo Infects Over 400,000 Gamers in (Feb,06 2026 )

EpsteIn Tool: Check If Your LinkedIn Contacts Appear in 3.5 Million (Feb,06 2026 )

Bitcoin's $64,000 Reality vs. $87K+ Production Costs Sparks (Feb,05 2026 )

Crypto Analyst Issues Urgent 'Final Warning' on XRP: Claims (Feb,05 2026 )

AI-Powered Breach: Hacker Claims AWS Kingdom in Under 10 Minutes (Feb,04 2026 )

Microsoft Axes Standalone SharePoint and OneDrive Plans in Push to (Feb,04 2026 )

Nvidia's $100 billion OpenAI deal has seemingly vanished (Feb,04 2026 )

The Best 14" Gaming Laptops Right Now (Feb,04 2026 )

The Solution to the RAM Crisis is... DDR4??? (Feb,04 2026 )

Google Meet can now join Microsoft Teams calls (Feb,03 2026 )

The Devil Wears Prada 2 - Official Trailer (2026) Meryl Streep, Anne (Feb,03 2026 )

*EPSTEIN HAD THE SEC SUE RIPPLE/XRP - HOLY SH*T | Gensler Worked For (Feb,02 2026 )

Mozilla Firefox is making it super easy to turn off its generative (Feb,02 2026 )

Windows 11 quietly gets a new security feature to protect system (Feb,01 2026 )

WARNING: TRUMP & RIPPLE/XRP SECRET AGREEMENT AT DAVOS (Feb,01 2026 )

China's new RAM company, CXMT, is selling RAM at $138 (Feb,01 2026 )

Windows keeps a permanent record of every USB device you've ever (Feb,01 2026 )

Intel Is BACK - Panther Lake Changes Everything (Feb,01 2026 )

NVIDIA Releases GeForce Security Update Driver 582.28 for Legacy (Jan,31 2026 )

AMD 'Zen 6' CCD Packs 12 Cores, 48 MB L3 Cache (Jan,31 2026 )

Microsoft Set to Disable Legacy NTLM Authentication by Default in (Jan,31 2026 )

NVIDIA GeForce 591.86 WHQL Driver (Jan,30 2026 )

iOS 26.3-Important New iPhone Location Privacy Feature Coming Soon (Jan,30 2026 )

I Made the Ultimate Steam Machine Before Valve (Jan,29 2026 )

Wardriver - Official Trailer (2026) Dane DeHaan, Sasha Calle, (Jan,29 2026 )

Apple Intros Improved AirTag (Jan,28 2026 )

US Version of TikTok off to Bumpy Start; Competitors Surge (Jan,28 2026 )

Google Chrome no longer needs you, as Gemini takes the driving seat (Jan,28 2026 )

Premium Subscriptions Coming to Facebook, Instagram, WhatsApp (Jan,27 2026 )

Windows 11 Best For Gaming? Windows 11 25H2 vs. Windows 10 (Jan,25 2026 )

Microsoft Says Uninstall This Windows Update Immediately (KB5077744 (Jan,24 2026 )

Xbox Developer Direct Livestream 2026 | Fable, Forza Horizon 6, (Jan,22 2026 )

Iridium Begins Testing its own Satellite Service for Phones (Jan,22 2026 )

AMD Releases Adrenalin Edition 26.1.1 WHQL Drivers (Jan,22 2026 )

AI in 2050 (Jan,18 2026 )

iOS 26.2 Fixes Major Security Flaws (Jan,17 2026 )

Google Links its AI to Your Gmail and Photos for "Personal (Jan,17 2026 )

Fastest Koenigsegg v Fastest Bugatti: DRAG RACE (Jan,17 2026 )

Creating a 48GB NVIDIA RTX 4090 GPU (Jan,17 2026 )

CES was frickin weird, guys (Jan,14 2026 )

Lee Cronin's The Mummy - Official Teaser Trailer (2026) Jack (Jan,12 2026 )

Ferrari SF90 XX v Xiaomi SU7 Ultra: DRAG RACE (Jan,12 2026 )

Welcome to the Wasteland - Fallout (American TV series) fan video (Jan,10 2026 )

GOOD LUCK, HAVE FUN, DON'T DIE Trailer 2 (2026) Sam Rockwell (Jan,09 2026 )

NVIDIA Releases GeForce 591.74 WHQL Drivers with DLSS 4.5 Support (Jan,07 2026 )

Predator: Badlands Exclusive Deleted Scene (2025) (Jan,07 2026 )

>> News Archive <<

TechAmok - Privacy Policy        loading time:0.01secs