“DeFi Hub of Polkadot” Suffers Major Hack
The decentralized hub of the Polkadot network has suffered a security breach, which resulted in the de-pegging of the AUSD stablecoin
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InterBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which according to Interlay, resembles MakerDAO’s DAI token.