Origin Protocol Hacked For $7 Million

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The blockchain-based platform, Origin Protocol has confirmed that its stablecoin, Origin Dollar (OUSD) has been hacked for $7 million.The blockchain-based platform, Origin Protocol has confirmed that its stablecoin, Origin Dollar (OUSD) has been hacked for $7 million in Ethereum and DAI. Stablecoin project Origin Dollar (OUSD) HackedAccording to the official post, the stablecoin project Origin Dollar (OUSD) suffered a re-entrancy attack at 00:47 UTC on Tuesday. Due to this, the OUSD has lost almost $7 million. This includes more than $1 million deposited by Origin and its founders and employees. Another one bites the dust: Origin Dollar (OUSD) exploited for $2.25m in DAI and $1m in Ethereum.Flash loan attacker/exploiter is already washing the funds via RenBTC. pic.twitter.com/3VouT7AiJeThe platform has now stopped deposits and the price of the token is down by more than 83% since the attack. In an official post, the founder of Origin Protocol, Mathew Lui further said that out of...