en.bitcoinsistemi.com
21 September 2023 12:06, UTC
Decentralized protocol Linear Protocol said in a statement on its Twitter account that its stablecoin LUSD was attacked.
At this point, Linear Finance, which issued a trading warning for LUSD, made the following statement:
“Urgent Update Response!
Linear stablecoin LUSD appears to be under an exploit attack. DO $NOT BUY LUSD, DO $NOT TRADE while the team investigates!
Purges are paused and user accounts are not at risk.
More updates will follow.”
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🗣️Urgent Update Re $LUSD 📢
The Linear stable coin $LUSD appears to be under an exploit attack. While the team investigates, DO $NOT BUY LUSD, DO $NOT TRADE $LUSD
Liquidations are paused and users accounts are not at risk.
Further updates will follow.
— Linear Finance (@LinearFinance) September 21, 2023
Although the incident has been announced now, Linear Finance's token LINA has been experiencing a withdrawal since the morning hours.
*Not investment advice
