Polygon DeFi Protocol SafeDollar Hit by Exploit
According to a statement on its Telegram channel, Polygon-based decentralized finance (DeFi) protocol SafeDollar has been hit by an exploit.
SafeDollar has been under attack. They have paused activities on SafeDollar and now investigating the matter.
SafeDollar Announcement on its Telegram Channel:
“IMPORTANT: PLEASE STOP ALL TRADING RELATED TO $SDO”
The value of SafeDollar has dropped to $0, according to the protocol’s website.
The exploit used tether and USD coin, beincrypto.com reported, citing a tweet by DeFi analytics site Rugdoc.io Monday.
The contract address shows SafeDollar, USDC and and USDT were siphoned off.
