DeFi protocol, Sturdy Finance, reopens stablecoin market despite falling TVL
Three days after an $800,000 security breach, Sturdy Finance reopened its stablecoin market . Additionally, the decentralized finance (DeFi) protocol has offered a reward of $100,000 to anyone who could facilitate an arrest or assist in recovering the stolen funds. Sturdy Finance reopens stablecoin markets On June 16, the lending platform announced lifting the suspension on the stablecoin market, granting customers access to their assets once again. Users were assured that their funds remained secure, and the temporary trading halt was implemented purely as a precautionary measure. The stablecoin market is now unpaused, enabling users in this market to access their funds! No funds in this market were ever at risk; the market was only paused out of an abundance of caution. As an additional safety measure, the bb-a-USD pool has been disabled pic.twitter.com/uRL0gKQSEJ — Sturdy (@SturdyFinance) June 16, 2023 In response to an incident that led to the theft of 442 ethereum...