Angle Protocol: 17.6 million USDC deposited in Euler were affected, the agreement has been suspended

Angle Protocol, a decentralized stablecoin protocol, tweeted that affected by the Euler incident, Angle Protocol previously deposited 17.6 million USDC into Euler. The agreement has been suspended, the debt ceiling has been set to 0, and the Euler AMO has been closed. The situation is being monitored and Updates will be made as soon as they are received. Angle Protocol stated that before the Euler incident, the total TVL of the Angle Core module was about 36 million US dollars, and 17.2 million agEURs had been minted through the core module. deposits of about US$353,000 and a surplus of about US$5.58 million. Angle Protocol stated that if the funds stolen by the hackers are determined to be lost, the TVL of the core module will drop to about 18.4 million US dollars, in which case the amount of reserves will be lower than that of agEUR holders, standard liquidity providers and remaining hedging agents in the agreement value of the debt.