Crypto Lender Hodlnaut Lost Close To $190M In TerraUSD Collapse
The Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra's algorithmic stablecoin UST.

The Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra's algorithmic stablecoin UST.
Currently, the trading, deposit and withdrawal functions of CEX have been suspended.
Nomad announced that it’s offering up to a 10% bounty to return funds stolen from the recent hack on the Nomad bridge on Aug. 2.
The altcoins that were stolen in the Nomad bridge hack suffered as much as 94% decline in price after the exploit.
Hundreds of potential exploiters appear to have drained all of the bridge’s $190 million in TVL in just a matter of hours.
No sign of a significant shift up or down for BTC price, but volume data hints that the bottom could come in weeks or less.
Bitcoin price action will seal monthly losses over 40% for the first time in 11 years if it closes at $19,000.
The dangers posed by stablecoins to the traditional market cannot be dismissed due to Tether's exposure to the U.S. credit system.