Protos
Protos
USDC+0.45%
đŸ„¶ TETHER FREEZES HACKED FUNDS, CIRCLE MISSES @GMX_IO got hacked for $42M and @circle failed to intervene. The hacker bridged millions in $USDC to Ethereum and swapped for $DAI while Circle could have frozen $9M+ in stolen funds. @zachxbt is furious, and rightfully so... đŸ§”
đŸ€š Meanwhile, @Tether_to attempted to freeze 1.3M $USDT despite the transaction coming just 23 seconds too late. Circle had an hour and multiple alerts but did nothing. “Circle just does not care about the ecosystem” and their inaction proves it according to ZachXBT
It gets worse... This GMX v1 vulnerability might exist in 64 fork projects holding approximately $28M total. đŸȘČ The hack was likely a reentrancy bug. Now every GMX fork is scrambling to patch before they become the next headline.
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