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Angle Protocol Halts Transactions Due to Euler Vulnerability Exploitation

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On March 14, the official of the decentralized stable currency protocol, Angle Protocol, said that AngleProtocol was affected by Euler\’s vulnerability exploitat

Angle Protocol Halts Transactions Due to Euler Vulnerability Exploitation

On March 14, the official of the decentralized stable currency protocol, Angle Protocol, said that AngleProtocol was affected by Euler’s vulnerability exploitation, and the protocol deposited 17.6 million USDCs into Euler. The agreement has been suspended, the debt ceiling has been set to 0, and Euler AMO has been closed. The situation is being monitored and will be updated immediately after receiving the update.

Angle Protocol: 17.6 million USDC funds are affected by Euler attack

Analysis based on this information:


Angle Protocol, a decentralized stable currency protocol, has reportedly been affected by a vulnerability exploit in Euler. As a result, the protocol has halted all transactions and deposited 17.6 million USDCs into Euler. The debt ceiling has been set to 0 and Euler AMO has been closed until further notice.

This incident highlights the potential risks associated with decentralized protocols operating in the blockchain space. The ability for attackers to gain unauthorized access, exploit vulnerabilities, and manipulate blockchain transactions can lead to significant financial losses and disrupt the overall decentralized ecosystem.

The response of Angle Protocol to this incident shows the importance of prompt action and transparency in the face of crises. By suspending all transactions, depositing funds into Euler, and setting the debt ceiling to 0, the protocol has effectively mitigated the effects of the vulnerability exploit, with hopes to quickly resolve the issue and resume normal operational activity.

While the situation is still being monitored, the prompt and transparent response from Angle Protocol serves as a reminder of the importance of risk management in blockchain protocols. As blockchain technology continues to be adopted and integrated into various industries, it is imperative that measures are taken to ensure the scalability, security, and stability of decentralized systems.

In conclusion, the Angle Protocol’s response to the Euler Vulnerability Exploitation is commendable. It is a reminder for protocol developers to put in place appropriate measures to mitigate potential vulnerabilities that might occur. The decentralized currency technology is still in its early stages, and there is a need for security awareness and collaboration in its development.

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