$SAND This wave caused a major incident. Base is suspected of having been hit by a security vulnerability, and more than 500 million tokens were maliciously minted. Korea’s Upbit and Bithumb both panicked — one issued a warning, and the other directly suspended deposits and withdrawals.
Justin Sun won. World Liberty Financial wanted to move the case into private arbitration, but the California court rejected it outright. Sun said their stablecoin has a backdoor and can freeze user assets at any time. They talk about decentralization, but in reality they still retain control rights; this kind of double-standard design is bound to blow up eventually.
Altcoins are pretty lively: $ZEC 24 surged 47% in 24 hours, and $BCH rose 31%. But remember: the more sharply it rises, the harder it falls.
#Crypto #DeFi #Security
NFA DYOR
Justin Sun won. World Liberty Financial wanted to move the case into private arbitration, but the California court rejected it outright. Sun said their stablecoin has a backdoor and can freeze user assets at any time. They talk about decentralization, but in reality they still retain control rights; this kind of double-standard design is bound to blow up eventually.
Altcoins are pretty lively: $ZEC 24 surged 47% in 24 hours, and $BCH rose 31%. But remember: the more sharply it rises, the harder it falls.
#Crypto #DeFi #Security
NFA DYOR