A Hacker Conjured $80 Million in Fake Stablecoins Out of Thin Air — Then Cashed Out in Ethereum
Someone exploited a vulnerability in a decentralized finance protocol, minted roughly $80 million in counterfeit stablecoins, and swapped a portion for real Ethereum — all in a matter of minutes. The incident, which unfolded across multiple blockchain networks, has reignited uncomfortable questions about the security of DeFi platforms and the fragility of the smart contracts […]


