VUSD: Over $13 million worth of VUSD was stolen, but the hacker only made $1.5 million. Service will be restored after investigation is completed

VUSD posted on the Telegram channel that Onyx Protocol suffered a security vulnerability, resulting in the theft of more than $13 million in VUSD. After the incident, the smart contract has been suspended, and it is currently confirmed that there are no vulnerabilities in the VUSD codebase and reserves. The hacker then sold the stolen VUSD to the liquidity pool, resulting in a loss of approximately $1.5 million in secondary market liquidity. Malicious actors will be blacklisted according to the terms of service. After the investigation is completed, the VUSD smart contract service will be restored and participants can continue to arbitrage. VUSD is still fully backed by over-collateralized assets, and institutional users can redeem and mint VUSD at market prices. VUSD is working with Onyx DAO and relevant authorities to identify attackers, and plans to explore the licenses required for retail redemptions in the future. Earlier news, due to the theft of Onyx, VUSD once de-anchored and fell to $0.6599.