VUSD: Over $13 million worth of VUSD was stolen, but the hacker only made $1.5 million, and the service will be restored after the investigation is completed

CoinVoice recently learned that VUSD posted on the Telegram channel that Onyx Protocol suffered a security vulnerability, resulting in the theft of more than $13 million in VUSD. After the incident, the smart contract has been suspended, and it has been confirmed that there are no vulnerabilities in the VUSD code base and reserves.

The hacker then sold the stolen VUSD to the liquidity pool, resulting in a loss of approximately $1.5 million in secondary market liquidity. Malicious actors will be blacklisted under the terms of service, and after the investigation is completed, VUSD smart contract services will be restored and participants can continue to arbitrage. VUSD is still fully backed by overcollateralized assets, and institutional users can redeem and mint VUSD at market prices. VUSD is working with Onyx DAO and relevant authorities to identify the attacker and plans to explore licenses required for retail redemptions in the future.

It is reported that due to the theft of Onyx, VUSD once decoupled and fell to $0.6599. [Original link]