Depegs & Incidents
3 storiesThe starting point for Depegs & Incidents is stablecoin peg deviations, alongside redemption service disruptions and stablecoin transfer outages. Relevant work examines depeg event timelines, liquidity shock impact, and reserve confidence failures; market recovery process and incident loss assessment help establish the outcome. The account reconstructs sequence, cause, impact, response, and recovery through peg restoration measures, contagion across protocols, and peg deviation duration. General vulnerability analysis belongs under Stablecoin Risk; this category requires a specific peg deviation, redemption failure, liquidity shock, timeline, cause, contagion effect, and recovery process.
Zano chain rollback wipes out a month of transactions after exploit
Zano developers have erased a month of blockchain transactions to contain a vulnerability. They say personal and contributor funds will help users recover, but who qualifies and when payouts will happen is still unclear.
Payy halts all crypto card payments after bridge exploit drains funds
Payy has frozen all stablecoin payments and card transactions after an exploit drained its Ethereum bridge contract. Users are locked out of their balances as the company investigates the breach.
SEC Faces August Deadline on $123M Terra Investor Fund Plan
The SEC must finalize a plan by August 20 for distributing $123.1 million to investors affected by Terra's 2022 collapse, with eligibility, loss calculation, and payout procedures still to be determined