Origin
Origin Protocol Loses $7M in Latest DeFi Attack
Nov 17, 2020
Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million.
Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.
Origin is relaunching its yield-generating stablecoin following a November attack that drained OUSD holders of $7 million.
Origin has hired Yu Pan, a co-founder of PayPal and the first employee at YouTube, to act as its Research and Development Engineer.
Peer-to-peer economy platform Origin raised more than $28 million through a Simple Agreement for Future Tokens sale this year, filings reveal.