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Funds are SAFU: StableXSwap has returned $1.64M USD in stablecoins Back To Users
Last week, we alerted users of an exploit that was identified by the Qian Stablecoin (QUSD) team and responsibly disclosed to us so that…
Last week, we alerted users of an exploit that was identified by the Qian Stablecoin (QUSD) team and responsibly disclosed to us so that we could address it ASAP. With the help of some community developers, we were able to white hack the funds from our vulnerable contract and retrieve $1.64M USD worth of stablecoins. We want to take the opportunity to thank the Qian Stablecoin team once again for their incredible integrity and resourcefulness in helping us protect our users and the BSC ecosystem.
We then worked diligently to grab onchain data from Bitquery.io and crosschecked it with our own internal records of user deposits into the stablecoins to ensure that we were able to calculate every user’s deposits into our contracts, and be able to properly refund all users, giving users time to check if our data was correct. We finally utilized Multisender.app to distribute the DAI, USDC, BUSD, and USDT back to their rightful owners
The four core distribution contracts can be viewed here:
Currently there are still 5 addresses who were not depositing in our staking contract and thus have LP tokens outstanding that we still owe <$500 to, so if you own any of the following addresses, please contact us via Telegram to get your reimbursement.
We are super proud to have protected our users’ funds, and hope to continue working on bringing positive user protections to our product offerings in the future.
Let’s keep building STAX together!