Circle ruled out the impact of the Nomad and Slope incidents on the company
Circle Internet Financial, the company behind the USD Coin (USDC) stablecoin, was one of the investors of two projects affected by hacking this week — Nomad and Slope.
In February 2022, Circle took part in a Series A funding round. At that time, the Slope wallet provider raised $8 million, CoinDesk reported.
In April, the venture division of the issuer USDC invested in the Nomad cross-chain bridge.
Circle stated that the incidents of attacks on Nomad and Slope did not cause financial damage to the company. Earlier, the issuer of the stablecoin stressed that problems with other industry participants — Terra, Celsius or Three Arrows Capital — also did not affect the firm.
Recall that on August 2, the Nomad cross-chain protocol was subjected to a hacker attack, losing millions of dollars.
Later it became known about the hacking of about 8000 wallets based on Solana, including Slope. Subsequently, the Solana team linked the attack to this particular wallet provider.
It turned out that the Slope application sent users’ SID phrases to a centralized server, where they were stored in unencrypted form.
Circle Internet Financial, the company behind the USD Coin (USDC) stablecoin, was one of the investors of two projects affected by hacking this week — Nomad and Slope. In February 2022, Circle took part in a Series A funding round. At that time, the Slope wallet provider raised $8 million, CoinDesk reported. In April, the…
Circle Internet Financial, the company behind the USD Coin (USDC) stablecoin, was one of the investors of two projects affected by hacking this week — Nomad and Slope. In February 2022, Circle took part in a Series A funding round. At that time, the Slope wallet provider raised $8 million, CoinDesk reported. In April, the…