Polygon DeFi Protocol SafeDollar Hit by Exploit: Report

Polygon DeFi Protocol SafeDollar Hit by Exploit: Report

Polygon-based decentralized finance (DeFi) protocol SafeDollar has been hit by an exploit, according to DeFi analysts.

  • SafeDollar may have suffered an exploit using tether and USD coin, beincrypto.com reported, citing a tweet by DeFi analytics site Rugdoc.io Monday.
  • The contract address shows USDC and USDT were siphoned off, in addition to SafeDollar's entire supply.
  • The value of SafeDollar has dropped to $0, according to the protocol's website.
  • Source

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