Exploiters drained some $850,000 worth of USD Coin (USDC) from Merlin on Wednesday morning, with some more relatively illiquid tokens drained. As such, blockchain data suggested that some entity with control of the liquidity pool was able to drain the funds easily – meaning this was not a complex or sophisticated exploit.
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...