Following TrustToken’s choice to quickly halt mints and redemptions of its stablecoin TrueUSD () by means of its banking accomplice, Prime Belief, a dealer took benefit of the scenario by initiating a brief place on the chain.
In accordance with the string knowledge, a person used Aave’s lending platform v2 will deposit 7.5 million (USDC) guarantee. They then borrowed 4 million TUSD and shortly offered it for USDC. This borrow-and-sell technique is often employed to ascertain a brief place in a selected asset.
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