🚨 STABLECOIN EXPLOIT: MINTED OUT OF THIN AIR
⚠️ A “stablecoin” just broke in the worst way possible.
Not a slow bleed. Not market panic.
Just… printed out of thin air.
An attacker turned a small amount of USDC into tens of millions of USR — instantly.
No resistance. No alarms. And the peg snapped.
$1 → $0.40 → $0.17…
Liquidity vanished. Confidence followed.
Not because trust collapsed — but because the system never enforced it.
This wasn’t Terra.
No death spiral. No algorithm under pressure.
It was simpler. And worse.
The minting gate was broken.
Anyone who found the crack could turn nothing into “something”… and drain the system before it even knew.
That’s what people underestimate:
In DeFi, you’re not just trusting collateral.
You’re trusting code to behave exactly as intended.
One flaw. One unchecked function. One exploit.
And suddenly “stable” isn’t stable anymore.
#DepegRisk $ETH