SafeDollar Stablecoin not Safe nor Stable: Hack Sends Value to ZERO - Security Boulevard

Hack or Rug-Pull? SafeDollar, a crypto token that’s pegged to the U.S. dollar, crashed this week. The team behind the Polygon-based stablecoin claim it had been hacked.

That caused the #cryptocurrency’s price to drop to $0, while the hacker got away with $250,000.

A naïve bug, or a malicious insider? In today’s #SBBlogwatch, we prefer Bens.

At @SecurityBlvd: https://t.co/RQzUH0VIHG

— @Richi 😷 Jennings (@RiCHi) June 29, 2021