Linear Finance: Token minting, burning, and trading have been suspended due to an attack that resulted in depletion of LUSD liquidity.

BlockBeats reported on September 22 that the DeFi synthetic asset protocol, Linear Finance, announced that it was attacked on September 21, resulting in all LUSD liquidity on PancakeSwap and Ascendex being emptied and the price of LUSD falling to zero. The attacker was able to mint unlimited LAAVE and trade it for LUSD on Linear Exchange, then sell it on PancakeSwap and Ascendex. To protect the protocol, assets, and users, the Linear team has taken the following measures: suspending all protocol contracts that allow token minting, burning, or trading; disabling the Linear bridge contract for LUSD; hiring a leading industry team to track down the attacker and bring them to justice; and sharing wallets known to be involved in the attack with all major exchanges and authorities.