USPD Stablecoin Mint Bug
USPD, a newer decentralized stablecoin, lost ~$1M via a mint/collateral flaw that allowed minting against insufficient backing, briefly depegging the token.
Loss
1.0M
USD
Victim dossier
USPD
Total losses
$1.0M
1 incident
An archive of cryptocurrency security incidents — hacks, exploits, bridge failures and rug pulls, documented with on-chain evidence.
USPD, a newer decentralized stablecoin, lost ~$1M via a mint/collateral flaw that allowed minting against insufficient backing, briefly depegging the token.