Angle Protocol Severely Affected by Euler Finance Hack

Monday, March 13, 2023 is definitely full of emotions and unexpected information. Just a few hours ago, we informed you that the decentralized lending protocol Euler Finance was hacked on a massive scale, resulting in the theft of $190 million according to the data currently available.

Unfortunately, the constant intricacies of various players in the cryptocurrency ecosystem have had rather detrimental consequences for the very promising French project that issued the Angle Protocol stablecoin. In fact, the latter used the services of Euler Finance within the framework of an optimized lending strategy, so it was strongly affected, and 17.6 million USDC was frozen on Euler Finance.

Angle Protocol wasn’t the only participant suffering collateral damage from the Euler Finance hack. Swissborg and Idle DAO were also affected. This list may not be exhaustive, and information related to this event is still scant. We will keep you informed of developments as soon as we have more information available to you.

The article Angle Protocol Heavily Affected by Euler Finance Hack appeared first on Journal du Coin.

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