South Korea’s KB Completes Stablecoin Pilot Ahead Of Rules

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korea’s KB Financial has completed a Proof-of-Concept (PoC) for won-denominated stablecoin as lawmakers and experts push to advance the country’s digital asset framework. KB Stablecoin Pilot Cuts Fees, Speeds Transfers On Sunday, KB Financial Group, the parent company of South Korea’s…

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Echo Protocol Hacked for $76.7M in Admin Key Exploit

Decentralized finance protocol Echo Protocol was exploited after an attacker minted about 1,000 unauthorized eBTC on the protocol, which is deployed on the Monad blockchain. Blockchain security firm PeckShield and analytics platform Lookonchain both reported the incident on Tuesday, noting that a hacker minted 1,000 synthetic Bitcoin (eBTC) worth around $76.7 million. “We are currently…

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