DeFi Horror Continues: Factom-Based Network PegNet 51% Attacked, $6.7M Worth Of Stablecoins Falsified

A group of miners controlling 70% of the decentralized network PegNet hash rate manipulated the price of a Japanese Yen-pegged stablecoin dubbed pJPY. By submitting false data, they managed to artificially inflate a wallet balance of $11 up to $6.7 million but couldn’t liquidate the assets later. Miners Manipulate A Stablecoin’s Price Built on top […]

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