🚀 Terra Collapse Attributed To Unknown Attacker, Not Founder
#Terra #UST #DoKwon #blockchain #cryptocurrency #fraud #CosmosHub #validators #attacker #depegging #notionalabs #JacobGadikian
According to Odaily, Jacob Gadikian, CEO of blockchain service company Notional Labs, recently revealed that the collapse of Terra and the de-pegging of UST from the US dollar were not solely caused by the project's founder, Do Kwon. Instead, Gadikian claims that an unidentified attacker is the true culprit behind the fraud, who remains at large. He highlighted that validators were attacked, leading to the manipulation of millions of people without cause. Gadikian also released a video demonstrating an attack on the Cosmos Hub security test network, which produced effects similar to those that led to the UST de-pegging. Other investigators support Gadikian's claims, noting that during the de-pegging, a significant number of bot transactions prevented Terra from restoring UST's dollar peg through its economic model, causing on-chain transaction volume to surge sixfold.#Terra #UST #DoKwon #blockchain #cryptocurrency #fraud #CosmosHub #validators #attacker #depegging #notionalabs #JacobGadikian
🚀 FDUSD Experiences Depegging Following Justin Sun's Statement on Bankruptcy
#FDUSD #depegging #JustinSun #bankruptcy #crypto #marketdata
According to BlockBeats, market data indicates that FDUSD has experienced a depegging event. This occurred after Justin Sun announced that the entity behind FDUSD has declared bankruptcy and is unable to fulfill customer fund redemption obligations. At the time of reporting, FDUSD was priced at 0.9949 USDT.#FDUSD #depegging #JustinSun #bankruptcy #crypto #marketdata
🚀 USDe Stablecoin Market Value Declines Amid Recent Volatility
#USDe #Stablecoin #EthenaLabs #DefiLlama #BlockBeats #Depegging #MarketCap #StablecoinMarketCap
According to BlockBeats, data from DefiLlama indicates that the market capitalization of the stablecoin USDe, issued by Ethena Labs, has decreased from approximately $142.84 billion yesterday to below $127 billion, currently standing at $126.99 billion. This marks a 14.3% reduction over the past week.
Previously, reports highlighted that USDe experienced significant de-pegging from the U.S. dollar during the cryptocurrency downturn on October 11, with its value dropping to $0.65 on some decentralized trading platforms. The price has since recovered to the $1 range.#USDe #Stablecoin #EthenaLabs #DefiLlama #BlockBeats #Depegging #MarketCap #StablecoinMarketCap
🚀 USDe Stablecoin Market Value Declines by 45%
#USDe #Stablecoin #MarketValue #Decline #DefiLlama #EthenaLabs #Cryptocurrency #Depegging #USDollar #OctoberDownturn #DecentralizedTrading
According to BlockBeats, data from DefiLlama indicates that the market capitalization of the stablecoin USDe, issued by Ethena Labs, has decreased to $8.95 billion. This marks a significant drop of approximately 45% from its peak of $16 billion at the beginning of October.
The USDe stablecoin experienced a severe de-pegging from the U.S. dollar during the cryptocurrency downturn on October 11, with its value plummeting to $0.65 on some decentralized trading platforms.#USDe #Stablecoin #MarketValue #Decline #DefiLlama #EthenaLabs #Cryptocurrency #Depegging #USDollar #OctoberDownturn #DecentralizedTrading
🚀 Yala Addresses Stablecoin YU's Depegging and Liquidity Crisis
#Yala #Stablecoin #YU #Depegging #LiquidityCrisis #BlockchainSecurity #Hack #USDC #ETH #DeFi #Protocol #LawEnforcement #Funding #MarketStability #Recovery #Crypto
According to BlockBeats, Yala has issued a statement on X regarding the depegging and liquidity crisis of its stablecoin, YU. On September 14, 2025, Yala suffered a hack resulting in a loss of $7.64 million USDC, equivalent to approximately 1,636 ETH at the time. Although this incident temporarily caused YU to depeg, the core protocol remained secure. The team injected $5.5 million to stabilize the situation, and YU subsequently regained its peg, allowing the protocol to resume normal operations.
On October 29, 2025, Bangkok law enforcement arrested the hacker, recovering most of the affected funds. However, the recovery process is still under judicial review. Some funds were converted to ETH before recovery, and subsequent price drops, along with funds already spent by the attacker, have reduced the actual value of the recovered assets.
Recent retail investor withdrawals from the DeFi market have exacerbated existing liquidity pressures, impacting Euler, which had previously supported YU's stability. Some positions and liquidity used for YU are currently restricted.
Yala clarified that it has not integrated with Kamino's lending products, and the AyCJ wallet does not belong to the Yala team or its members.
The team is assessing the necessary funding to stabilize the market and is working with law enforcement and financial partners to secure financing. Given the current liquidity constraints across multiple protocols and assets, this process will take time. Yala has committed to announcing a clear plan by December 15, 2025, detailing the path to fund recovery and future operational measures.#Yala #Stablecoin #YU #Depegging #LiquidityCrisis #BlockchainSecurity #Hack #USDC #ETH #DeFi #Protocol #LawEnforcement #Funding #MarketStability #Recovery #Crypto