Thanks to the price oracle exploit on anchor_protocol a lucky user made $800,000 in a couple of transactions
should have been around $200,000. After noticing the issue, a user took a loan of 40 million UST and withdrew it at a massive $800,000 profit.Other users also noticed the issue with the price oracle on the platform and tried to exploit it but faced an error almost immediately. The platform's team was fast enough to fix the bug and avoid additional losses.Some users even accused Do Kwon himself of performing an exploit since he is the only one able to perform such a thing purposefully.
The whole cryptocurrency market was waiting for the final launch of Luna 2.0, but Do Kwon's attempt to revive the network ended up as another catastrophe as the new token lost 70% of its value out of the gate, causing even more controversy in the community considering only a small portion of funds were unlocked and more selling pressure is expected to reach the market.
Traders and investors are still calling the Terra co-founder out, assuming he is the one responsible for the 100% crush of Luna token and depegging of UST stablecoin.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Terra gets second life as new blockchain goes live with LUNA 2.0 airdropBREAKING: Terra gets second life as new blockchain goes live with LUNA 2.0 airdrop By vishal4c
Weiterlesen »
Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High – Bitcoin NewsOn Saturday, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots.
Weiterlesen »
Luna 2.0 Off to Rocky Start, Plunging More Than 70%Do Kwon predicts that Luna 2.0 will be bigger than the original project, which impoverished a huge number of investors
Weiterlesen »
Terra (LUNA) 2.0 relaunches according to Do Kwon's revival planKwon’s revival plan for Terra involves hard forking the existing blockchain and reissuing LUNA tokens to existing investors based on a snapshot before the death spiral bled the LUNA and UST markets.
Weiterlesen »
Texas school shooting: Suspected gunman made threats, called 'Yubo school shooter' on platform, users saidSalvador Ramos, 18, the suspected shooter of the mass shooting at Robb Elementary School in Uvalde, Texas, expressed violence and harassed people online, new text messages show.
Weiterlesen »
Matthew Morrison Out as ‘So You Think You Can Dance’ JudgeThe 'Glee' star says in a statement that he failed to follow 'competition production protocols.'
Weiterlesen »