Stablecoin SafeDollar Hit by Cyberattack
The stablecoin's value drops to zero.
SafeDollar, a decentralized finance (DeFi) stablecoin that is based on the Polygon blockchain, has been hit by an cyberattack, according a statement on its Telegram channel.
- All activities on SafeDollar have been paused and investigations are underway, it said.
- "IMPORTANT: PLEASE STOP ALL TRADING RELATED TO $SDO," it added.
- The value of SafeDollar has dropped to $0, according to the protocol's website.
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