A $300 trillion fat-finger, as Paxos accidentally mints PYUSD... before burning it
Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD stablecoin, then sent it all to a burn address.
Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD stablecoin, then sent it all to a burn address.
Original source
Read on CointelegraphRelated market context
SpaceX to debut on stock exchange, positioning Elon Musk for trillionaire status
SpaceX's IPO could redefine market dynamics, influencing tech investment trends and potentially impacting cryptocurrency market se...
Bitcoin users upgrade to P2WPKH inputs, rising to 76%
The organic shift to P2WPKH enhances Bitcoin's efficiency, allowing more transactions per block and reducing fee pressures during...
The next DeFi drain could come from legacy contracts everyone forgot
The Raydium AMM V3 exploit drained roughly $1.34 million from a phased-out program tied to five pools outside the current product...
Ethena launches High Yield Vault on Coinbase powered by USDe
Ethena's integration with Coinbase could reshape crypto savings, offering higher yields but also introducing new risks for investo...
SpaceX IPO set to make Elon Musk a trillionaire and reshape capital flows from crypto to space
SpaceX's IPO could significantly shift investment focus from cryptocurrencies to space exploration, impacting market dynamics and...
Crypto exchanges are opening a two-front war for the stock market
Binance, Kraken, Bybit, and Gemini are moving to add US stocks and ETFs to their crypto trading apps, making a direct play for the...