Mirror Protocol hacked!

SHIB founder Ryoshi deleted all his socials. Market Activity Total Market Cap $1.30T (+2.72%) 24 Hour Volume 94.34B (+31.74%) Notable Movers[(WAVES) $8.82]( (+54.63%) Notable Movers (DeFi)[(KAVA) $2.96]( (+14.15%) Bitcoin Dominance 46.16%[(+0.23%)]( Bitcoin Price[(BTC) 31,428.07 (+3.36%)]( Ethereum Price[(ETH) $1,946.97 (+3.24%)]( Cardano Price[(ADA) $0,6165 (+16.22%)]( Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Today’s Top Stories ]( Protocol drained for $2 million+]( 😰 The Terra ecosystem just doesn’t get any breaks at the moment. Mirror Protocol, one of the most popular DeFi applications on Terra, was exploited for over two million dollars and was lucky to not have lost more. An attacker exploited a price oracle that was reporting the wrong Luna coin to validators and could have drained even more liquidity. Luckily, thanks to the help of Terra core contributor FatMan, the team managed to fix the issue just in time. Labs Staff Questioned by South Korean Law Enforcement]( 👮‍♂️ South Korean law enforcement has a few questions about this UST stablecoin that Terra had going on and duly summoned several former employees for questioning. Those staff members reportedly were against the launch of UST but their doubts were quashed by CEO Do Kwon. Undisturbed by possible legal trouble, Do Kwon is already looking into how to re-launch a stablecoin on Terra V2. ghosts Shiba Inu and deletes his accounts]( 👻 Shiba Inu founder Ryoshi vanished and deleted his blog and Twitter account. You can’t say he didn’t warn you because, in a now-deleted blog post, Ryoshi warned that he may be gone one day without warning. The price of SHIB did not react, perhaps because it is already down 85% from its all-time highs. The Shiba Inu community poured one out for Ryoshi but remains committed to building the Shiba Inu DeFi ecosystem. consults on crypto but don’t get your hopes up]( 🇮🇳 India will soon release a “crypto consultation paper” in cooperation with the IMF and the World Bank. However, Indian crypto fans need not expect much positive coming out of it, as the country is looking to formulate an official stance on crypto following the “global consensus.” Most likely, this will mean further regulation for the Indian crypto industry, although no details have been published yet. launches “Project Guardian”]( 🇸🇬 Singapore launched a financial pilot project called “Project Guardian” in cooperation with JPMorgan, Marketnode and DBS. The country’s central bank is looking into asset tokenization and decentralized finance, as Singapore tries to stay on top of digital asset innovation. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( %SENDER-INFO-SINGLELINE%