Hacking News
Polkadot Stablecoin Exploit Results in $1.38M Loss
A security flaw in Polkadot's newly launched dotUSD stablecoin was exploited by an attacker, resulting in a $1.38 million loss absorbed by Polkadot's Treasury. The vulnerability was fixed in June but not implemented in production before the October attack. Parity Technologies, a blockchain infrastructure firm, reported the incident, revealing that the security flaw had been identified and corrected in June but never reached the affected production systems before the Oct. 24-26 attack.