BlockSec Thwarts Flash Loan Attack on Usual Protocol, Prevents Asset Loss

A sophisticated hacking attempt on the Usual Protocol was stopped in its tracks thanks to real-time detection by BlockSec’s Phalcon system. The attack, which unfolded on May 28, targeted the decentralized stablecoin platform across multiple blockchains.  Usual, known for its fiat-backed token infrastructure, paused operations temporarily to assess the situation. BlockSec revealed that its intelligent […] The post BlockSec Thwarts Flash Loan Attack on Usual Protocol, Prevents Asset Loss appeared first on Coin Edition.