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Polygon Based Defi Protocol Becomes Latest Victim of Exploit, Price Crashes to Zero

Polygon-based defi project Safedollar became the latest victim of an exploit earlier today as hackers managed to exploit a security vulnerability in the algorithmic stablecoin’s liquidity pool. The security breach crashed the price of the defi protocol to zero. Hackers managed to initiate an infinite mint and drained $250,000 worth of stablecoins from the liquidity

Polygon-based defi project Safedollar became the latest victim of an exploit earlier today as hackers managed to exploit a security vulnerability in the algorithmic stablecoin’s liquidity pool. The security breach crashed the price of the defi protocol to zero. Hackers managed to initiate an infinite mint and drained $250,000 worth of stablecoins from the liquidity