VUSD: VUSD worth over $13 million was stolen, but the Hacker only profited $1.5 million. Service will be restored after investigation.

Odaily Planet Daily News VUSD announced on its Telegram channel that Onyx Protocol has encountered a security vulnerability, resulting in the theft of over 13 million USD worth of VUSD. Following the incident, the Smart Contract has been temporarily suspended, and it has been confirmed that there are no vulnerabilities in the VUSD codebase and reserves. The Hacker then sells the stolen VUSD to the Liquidity pool, resulting in a loss of approximately $1.5 million in the Secondary Market Liquidity. The malicious actor will be blacklisted according to the terms of service. After the investigation is completed, the VUSD Smart Contract service will be restored, and participants can continue with Arbitrage. VUSD is still fully backed by over-collateralization assets, and institutional users can redeem and mint VUSD at market prices. VUSD is working with Onyx DAO and relevant authorities to identify attackers and plans to explore licenses required for retail redemption in the future. Earlier reports indicated that, affected by the theft of Onyx, VUSD temporarily unanchored and fell to 0.6599 US dollars.