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

Techub News reports that the stablecoin protocol USPD was attacked, with the hacker minting approximately 98 million USPD and stealing about 232 stETH. USPD stated that it was not a flaw in the smart contract logic, but rather the attacker preemptively executed its proxy initialization via 'Multicall3', stealthily seizing administrator privileges before its script completed. USPD advises users to revoke all token approvals for the USDP contract. Additionally, the team is closely collaborating with law enforcement and white-hat security organizations, having flagged the attacker's address on all major CEXs and DEXs to freeze fund movements. If the hacker returns the funds, all law enforcement actions will cease, and a 10% white-hat bounty will be offered.