#StablRStablecoinDepegsAfterExploit


This is a classic and heartbreaking example illustrating how "nominal decentralization" governance can backfire on a project. When a protocol uses a 1-of-3 multi-signature for critical matters like minting permissions, it completely contradicts the original purpose of having a multi-signature wallet.
Below is a detailed analysis of the issue, how the attacker extracted the funds, and why the "profit" is far below the token's face value.
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ybaser
· 8h ago
To The Moon 🌕
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ybaser
· 8h ago
Just charge forward 👊
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MasterChuTheOldDemonMasterChu
· 9h ago
Steadfast HODL💎
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MasterChuTheOldDemonMasterChu
· 9h ago
Just charge forward 👊
View OriginalReply0