Decentralized finance (DeFi) protocol Linear Finance has fallen victim to an attack that resulted in the complete depletion of liquidity in its Linear USD (LUSD) token.
Following the incident, Linear Finance’s team apologized to the community and implemented various safety measures.
LUSD Price Collapses to Zero
On Sept. 21, Linear Finance announced it had experienced a security breach, leading to the complete drainage of all LUSD liquidity on the PancakeSwap and Ascendex decentralized exchanges.
