🚨 Cryptocurrency exchange Coinbase has stopped trading of the PlayDapp (PLA) cryptocurrency due to a major vulnerability in its smart contract.
- This situation affects platforms such as Coinbase.com, Coinbase Prime, Advanced Trade and Coinbase Exchange.
- PlayDapp decided to stop the functionality of its smart contract due to security concerns.
- 200 million PLA tokens, worth $31 million at the time, were unfairly produced.
- PlayDapp offered the hacker the return of stolen assets in exchange for a $1 million reward.
- The value of the PLA token dropped from $0.1823 to $0.1482 following the incident.