CoinsAQ summary · neutral
Switchboard halts operations on Aptos, SUI, IOTA, and Movement after detecting potential compromise
What happened
Photo: Photo: Rostislav Uzunov / Pexels / Pexels A compromised oracle key on IOTA allowed an attacker to set the token's price to $10M and mint nearly 5 million VUSD, triggering liquidations and protocol freezes across the network. Switchboard, the multi-chain oracle protocol.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses While the FBI listed hundreds of addresses in its notice, Chainalysis said the Binance attackers have already used "thousands addresses," and expects this.
US Sanctions Two Russians Over North Korean IT Workers’ Crypto Cash-Outs
The US action targets the cash-out stage of a scheme that the UN estimates generates $250 million to $600 million annually for North Korea.
Tether Posts $1.5B Q3 Profit as Reserve Buffer Nearly Doubles to $8B
The stablecoin giant also ended September with more than $190 billion in assets backing its flagship asset.