2022-05-31
The Block
10 related
BlockSec: a buggy smart contract on Mirror Protocol, a Terra DeFi app for betting on stocks using synthetic assets, was exploited for ~$90M over seven months
Quick Take — The exploit was accidentally discovered by a Terra community member last week. — It has been confirmed by security analysts BlockSec.
2022-05-10
CoinDesk
22 related
CoinMarketCap: UST stablecoin loses its USD peg, falling as low as $0.60, after the Luna Foundation Guard pledges $1.5B of its bitcoin reserves to support UST
Despite Loan From Bitcoin Reserves The Block : Crypto researcher unpacks why UST broke down and what happens next Brian Newar / Cointelegraph : Terra peg mechanism in doubt as UST crashes to $0.67 Rya...
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