Making a statement on X, the official Linear Finance account announced that the platform’s stablecoin, LUSD, was attacked.
Announcing that its stablecoin LUSD was hacked, Linear Finance said: “Do not buy or trade LUSD. “Purges have been paused and user accounts are not at risk.” The company, which announced that information will be transferred via X as updates are made, is facing a great danger. Additionally, the stablecoin lost its anchor and fell to $0.981. This situation, one of the most critical events of the crypto industry, is being watched with curiosity.
https://twitter.com/LinearFinance/status/1704818417880936535
The danger of Depeg has appeared!
LUSD, whose stability deteriorated, fell to $ 0.981. How this situation, which actually poses a great risk even though it seems low in terms of percentage, will continue is being closely monitored. If Linear Finance’s stablecoin, which has lost its anchor, cannot return to its former state as soon as possible, it will continue to pose a danger to both its ecosystem and other stablecoins in the market.
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