Angle Protocol

On March 22, the decentralized stable currency agreement, the Angle Protocol community, released a proposal aimed at restoring the anchored exchange rate of the euro stable currenc

On March 14, the official of the decentralized stable currency protocol, Angle Protocol, said that AngleProtocol was affected by Euler’s vulnerability exploitation, and the protocol deposited 17.6 million USDCs into Euler. The agreement has been suspended, the debt ceiling has been set to 0, and Euler AMO has been closed. The situation is being monitored and will be updated immediately after receiving the update. Angle Protocol: 17.6 million USDC funds are affected by Euler attack Analysis based on this information:On March 14, an official from the Angle Protocol revealed that the decentralized stable currency protocol had been affected by Euler’s vulnerability exploit. According to the announcement, the attackers had deposited 17.6 million USDCs into Euler, which is an algorithmic money market protocol built on the Angle Protocol. As a result, the Angle Protocol has suspended the agreement, set the debt ceiling to 0, and closed Euler AMO, the asset management platform that provides liquidity to Euler. Euler’s vulnerability refers to…