Stablecoin SafeDollar Hit by Cyberattack

SafeDollar, a decentralized finance (DeFi) stablecoin that is based on the Polygon blockchain, has been hit by an cyberattack, according a statement on its Telegram channel.

All activities on SafeDollar have been paused and investigations are underway, it said.
"IMPORTANT: PLEASE STOP ALL TRADING RELATED TO $SDO," it added.
The value of SafeDollar has dropped to $0, according to the protocol's website.
The cyberattack used tether and USD coin, beincrypto.com reported, citing a tweet by DeFi analytics site Rugdoc.io Monday.
The contract address shows SafeDollar, USDC and USDT were siphoned off.

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Stablecoin SafeDollar Hit by Cyberattack

Stablecoin SafeDollar Hit by Cyberattack

Stablecoin SafeDollar Hit by Cyberattack

The stablecoin's value drops to zero.

The stablecoin's value drops to zero.

The stablecoin's value drops to zero.

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