What happened
Quick Summary
Scream has incurred 35,000,000 $USD in bad debt after the $FUSD and $DEI stablecoins lost their peg to $USD
Details of the Exploit
Scream is a lending and borrowing protocol running on the Fantom blockchain. After $FUSD and $DEI tokens lost their peg to $USD, whales took advantage of this situation and deposited large amounts of $FUSD and $DEI to drain other stablecoins like $FUSDT, $FRAX, $DAI, $MIM and $USDC from the platforms smart contract.
The Lending Protocol also lost roughly 50% of the total value locked on the platform.
0x81d3ec77438b4e99aa99ba25b1dbc3fea317fe3b0x81d3ec77438b4e99aa99ba25b1dbc3fea317fe3b
Case & protocol details
Classification
Stablecoin,Borrowing and Lending
Protocol Type
Lending
Affected asset / contract
Scream
Official Website
scream.sh/
Protocol Twitter/X
@Screamdotsh
Evidence & learning
Attack pattern
Compare incidents →Sources and on-chain records
- report Report archive.is
- report Report defillama.com
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