Stablecoin protocol Raft was hacked, stablecoin R was de-anchored and minting was suspended. On November 11, according to CoinDesk, the stablecoin protocol RaftRaft was hacked and lost about $3.3 million in ETH. On-chain data showed that the attacker stole 1,577 ETH from Raft, and then sent 1,570 ETH to the destruction address, leaving only 7 ETH. The hacker's address received 18 ETH through Tornado Cash before the attack, which may be used to fund transactions. After executing the transfer and paying the blockchain fee, only 14 ETH remained in its crypto wallet, which means that the attacker lost 4 ETH in the entire operation. Coinmarketcap data shows that the stablecoin R was de-anchored by 50% after the attack and has now rebounded to $0.87. Raft tweeted that the team is aware of the potential security vulnerability and is currently investigating. The minting of stablecoin R has been suspended, and existing users are still able to repay their positions and receive collateral.