Origin Dollar Loses $7 Million in Flash Loan DeFi Exploit - BeInCrypto
As reported by BeInCrypto in September, Origin Protocol launched the OUSD stablecoin to allow holders to earn yields without depositing large amounts of collateral. It has been backed by a basket of other stablecoins including USDT, USDC, and DAI.
During the early hours on Tuesday morning, the team announced that there had been an exploit resulting in the loss of funds:
