Yield-generating stablecoin project Origin Dollar exploited for $7M
Cointelegraph
Published Nov 16, 2020 10:14PM ET
Updated Nov 18, 2020 02:00AM ET
Origin Dollar (OUSD), the yield-generating stable token launched by Origin Protocol in late September, has been hacked to the tune of $7 million.
On Nov. 17, Origin Protocol founder Matthew Liu announced the stablecoin had been hacked, noting that $1 million of the $7 million in lost funds, which included Dai and Ether (ETH), had been deposited by Origin’s founders, employees and the company itself.
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Written By: Cointelegraph
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