The stablecoin protocol USPD was attacked, with hackers minting approximately 98 million USPD and stealing approximately 232 stETH.

According to Techub News, the stablecoin protocol USPD was attacked, with hackers minting approximately 98 million USPD tokens and stealing about 232 stETH. USPD stated that the attack was not due to a flaw in the smart contract logic, but rather because the attackers preemptively executed its agent initialization using "Multicall3," stealthily seizing administrator privileges before the script could complete. USPD is advising users to revoke all token authorizations to the USDP contract. Furthermore, the team is working closely with law enforcement and white-hat security organizations, having already flagged the attacker's addresses on all major CEXs and DEXs to freeze fund flows. If the hackers return the funds, all law enforcement actions will be halted, and a 10% white-hat bounty will be awarded.