Yearn Finance suffered an infinite mint attack. The attacker targeted a custom StableSwap pool. Yearn lost $22 million in two previous flash loan exploits. On Monday, DeFi protocol Yearn Finance suffered a $9 million …
Tag:
Mints
- Bitcoin & Ethereum
A $300 Trillion Fat-finger, as Paxos Accidentally Mints and Burns PYUSD
by adminby adminBlockchain data showed stablecoin issuer Paxos both minted and burned 300 trillion tokens of the PayPal USD stablecoin within 30 minutes, leaving many crypto users scratching their heads. In a Wednesday X post following …
The accidental move briefly made PayPal’s PYUSD the largest stablecoin in the world before Paxos burned the newly minted supply. Fintech giant PayPal made an interesting move today, minting $300 trillion of its PYUSD …
Web3 Technology
Printing Money: Paxos Mints, Then Burns $300 Trillion in PayPal Stablecoins
by admin
by admin
Crypto industry observers were baffled Wednesday afternoon when an on-chain transaction showed that Paxos, the issuer behind the PayPal-branded PYUSD stablecoin, minted $300 trillion worth of the tokens on the Ethereum blockchain. A little …
