Angle Protocol: The USDC affected by hacker attacks is approximately $17.52 million, and the DAO still holds nearly $20 million in tokens

On March 15th, it was reported that the decentralized stable currency protocol, Angle Protocol, had prepared a detailed overview of the post Euler Finance hacker attack protocol based on the information on the chain. Among them, the affected USDCs were approximately $17.52 million, and the total value of the tokens held by the DAO (including agEUR) was approximately $19.59 million. The team is closely monitoring the situation and working with the authorities to provide all assistance it can provide to investigate the hacker attack, The update will be shared as soon as it is received.

Interpretation of this information:

On March 15th, Angle Protocol reported that they had prepared a detailed overview of the post Euler Finance hacker attack protocol based on the information obtained from the chain. The hacker attack caused a loss of approximately $17.52 million in affected USDCs and approximately $19.59 million in total token value held by the DAO, including agEUR. The team is working closely with authorities to provide their assistance in investigating the attack, and they will continue to monitor the situation closely. They also promised to share further updates as soon as they receive them.

The first keyword in this message is “decentralized stable currency protocol.” Angle Protocol is a decentralized financial platform that offers stablecoin and cryptocurrency trading services. The platform allows users to trade stablecoins pegged to various fiat currencies, such as USD, EUR, and JPY, and it also offers a range of other cryptocurrencies for trading.

The second keyword is “hacker attack.” The incident that took place on Euler Finance, a decentralized exchange on the Binance Smart Chain, resulted in a loss of funds for Angle Protocol. During the attack, the hacker exploited the protocol’s smart contracts to drain funds from the DAO, leading to a loss of approximately $17.52 million in USDCs and approximately $19.59 million in total token value.

The third keyword is “monitoring.” In the wake of the attack, Angle Protocol has stated that it is closely monitoring the situation and working with authorities to assist in the investigation. This demonstrates the platform’s commitment to providing a secure and reliable service to its users, as well as its willingness to cooperate with law enforcement agencies to bring hackers to justice.

In conclusion, Angle Protocol has suffered a significant loss due to a recent hacker attack on Euler Finance. The platform promises to share further updates as soon as they become available and is committed to providing all the assistance it can to help authorities investigate the incident. Despite this setback, Angle Protocol remains vigilant in monitoring the situation and working to provide a secure and reliable service to its users.