Following on from the wETH margin exploit that occurred 2 days ago, we detected some abnormal margin positions on the DOT/USK or
27 Feb 2023, 11:34
Following on from the wETH margin exploit that occurred 2 days ago, we detected some abnormal margin positions on the DOT/USK orderbook which appeared to have similar behaviour to that seen previously. We have ceased all margin functionality on FIN while we resolve the issue. Of the outstanding USK that the attacker managed to mint, we have absorbed around 75% to support the peg already and will remove the remainder from the market over the course of the coming weeks.
All is good and we’re building & working harder than ever. Big love 🐋💙