On April 13, Supremacy founder Yi announced a significant vulnerability in the frontend of the stablecoin protocol Angle Protocol, raising concerns among users and investors.
Vulnerability Warning and Its Consequences
In a tweet, Yi stated: "There is a vulnerability in the frontend of the stablecoin protocol Angle Protocol; please do not interact with it." This warning has sparked public concerns over potential exploitation risks and loss of trust in the protocol. Currently, no official response has been provided by Angle Protocol.
Market Reaction: Impact on ANGLE Token Price
Following Yi's warning, the price of ANGLE token fell by 5.09%, reflecting traders' anxiety. According to CoinMarketCap, the current value of ANGLE is $0.01 with a fully diluted market cap of $14.79 million. Over the past 24 hours, trading volume reached $79,062.12, despite a 7.14% decline, indicating market volatility.
Outlook and Possible Consequences for DeFi
Research indicates that unresolved vulnerabilities may lead to increased regulatory scrutiny, which could impact the integration of DeFi into broader financial systems. Investor participation and trust could decrease if security issues are not promptly addressed.
The warning about the vulnerability in Angle Protocol emphasizes the importance of security in DeFi. Failure to respond quickly to issues may have serious implications for liquidity and user trust.
