Odaily Planet Daily News Linear Finance initiated a vote on the handling plan for the LUSD attack incident. Linear Finance provided four handling plans:
1. Permanently disable all current liquid assets and release all staked LINA tokens to the community;
2. Utilize upgradable smart contracts for comprehensive recovery;
3. Redeploy tokens;
4. Communicate with the attacker.
According to previous news, DeFi synthetic asset protocol Linear Finance announced that its protocol was attacked on September 21, causing all LUSD liquidity on PancakeSwap and Ascendex to be emptied, and the LUSD price fell to zero. The attacker minted LAAVE without limit and traded it for LUSD on Linear Exchange, which was subsequently sold on PancakeSwap and Ascendex.