Angle Protocol Prepares Post-Hacker Attack Protocol

03/15/2023 10:50 • Metaverse Matters • 91 views

On March 15th, it was reported that the decentralized stable currency protocol, Angle Protocol, had prepared a detailed overview of the post Euler Finance hacker attack protocol based on the information on the chain. Among them, the affected USDCs were approximately $17.52 million, and the total value of the tokens held by the DAO (including agEUR) was approximately $19.59 million. The team is closely monitoring the situation and working with the authorities to provide all assistance it can provide to investigate the hacker attack, The update will be shared as soon as it is received.

Angle Protocol: The USDC affected by hacker attacks is approximately $17.52 million, and the DAO still holds nearly $20 million in tokens

Analysis based on this information:

Angle Protocol, a decentralized stable currency protocol, has released an overview of the post-Euler Finance hacker attack protocols. As per the report, the hacker-attacked USDCs amount to approximately $17.52 million, and the tokens held by the DAO (including agEUR) amount to approximately $19.59 million. The team is closely monitoring the situation and working with the authorities to provide all the necessary assistance to investigate the hack.

The Angle Protocol is a blockchain-based decentralized stable currency platform that provides a market-driven, cost-effective, and scalable solution for stablecoins. The platform aims to build a decentralized, transparent, and stable digital currency system that can be used in various applications. In this context, the platform has prepared a post-hacker attack protocol to mitigate the risks associated with such events.

The hacker attack on Euler Finance is a significant event in the cryptocurrency world, and it has affected several platforms that were connected to it. The Angle Protocol’s overview of the post-hacker attack protocol shows that the platform takes such events seriously and prepares for them to avoid any significant loss or damage to its users.

The report states that the team is working with the authorities to provide all the necessary assistance to investigate the hack. This shows that the platform takes regulatory compliance seriously, and it aims to operate in a legitimate and transparent way.

In conclusion, the Angle Protocol’s overview of the post-hacker attack protocol demonstrates the platform’s commitment to its users’ security and well-being. The report shows that the platform is prepared for such events and is working with the authorities to avoid any significant loss or damage to its users. The cryptocurrency industry is evolving rapidly, and security risks are increasing. As such, Angle Protocol’s practices should serve as an example to other blockchain-based protocols to ensure the safety and privacy of their users’ digital assets.

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