TBW Premium #21: The Ledger bank card, coming soon
Published on Aug 17, 2022
Read all about The Big Whale's 21st Premium newsletter.
Hello Whales and welcome to the little newcomers who have just joined us in the Premium edition.
There are already more than 1,000 of you reading us. Thank you 🙏
To devour this week
🖊️ Editor's editorial
🗣 Our exclusive news
📣 Investigation into bridges
THE BIG SPLASH
No holidays for hackers 🥵
Life isn't a smooth ride in the crypto world, far from it! On Sunday, we learned that $3 billion worth of aUSD stablecoins had been virtually created on the Acala protocol with the aim of converting them into other cryptocurrencies. Fortunately, the tokens in question were frozen and the pirates were unable to profit from their theft. Without this intervention, we could have seen a crash as resounding as that of the UST stablecoin last May! 💸
The Acala attack is the second major hack recorded in August, following that of Curve Finance where users accepted a malicious contract resulting in the theft of $537,000. Although the story had a happy ending (thanks to the intervention of exchange platform Binance, which got its hands on a majority of the stolen funds), these cases call for redoubled attention.