An attack was carried out on the #SafeDollar protocol by #exploiting #vulnerabilities in the system. According to the statement made on the protocol's website, the value of SafeDollar has also decreased to zero.
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A new one has been added to the decentralized finance protocols that have lost their value on #Polygon. According to the official statement; The Polygon-based SafeDollar protocol was hit hard by the attack made by exploiting the vulnerability in the system.
According to the dashboard in Polygon Scan; On June 28, the fund consisting of USDC and USDT with a total value of 248 million dollars was withdrawn from the protocol. It seems that the value of the SDO stablecoin has dropped to zero on the platform.
🚨“Stop SDO trades”
In the Telegram channel of the protocol, users were notified of the attack and a warning message was sent, informing them that they did not trade SDO and the price dropped to zero:
“SafeDollar is under attack. We have suspended activity on Safe Dollar and are currently investigating the situation. After the investigations, we will inform you with a compensation plan to the liquidity providers.”
🚨Second attack in 1 week
Thus, the protocol was attacked for the second time in 1 week. On June 22, there was an attack that resulted in the loss of 9,959 SDO tokens . At the price of that day, the equivalent of this amount was 95 thousand dollars.
The protocol earlier this month; #bdol on #Iron #Finance, midasdol are #Safemoo and many decentralized worth 100 thousand dollars to the financial community, including the SDO Quickswap token airdrop 's had made.
On June 17, Iron Finance, which had a locked value of 2 billion dollars on #Polygon for a period, also experienced an event called 'Bank escape' due to panic selling of users.