How The Mirror Protocol Was Attacked And No One Turned Up To Rescue It
Once one of the most popular protocols on the Terra ecosystem, the Mirror Protocol might be seeing its final moments. Per a report from a pseudonym user, know as Fatman on Twitter, the platform has been under attack for the past day with losses amounting to millions of dollars. Related Reading | Terra (LUNA) Staff Under […]
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Mirror Protocol, a DeFi application built on the old Terra blockchain, was attacked by a $90 million exploit in October 2021, and it remained entirely undiscovered until last week. The attacker was able to unlock collateral from the protocol multiple times while just paying a little fee each time. Terra’s DeFi Attacked Seven Months Ago […]
EasyFi, the popular DeFi lending protocol that recently made news by integrating support for Binance Smart Chain has announced a partnership with Mirror Protocol – another DeFi powerhouse that is leading the way with synthetic assets. The partnership will introduce a whole new class of assets to the EasyFi ecosystem, enabling users to make efficient […]
Liquidators of Mirror Trading International (MTI) have attacked the claim that declaring the collapsed bitcoin investment platform an unlawful scheme would jeopardize investors’ chances of recovering their funds.
The Unsubstantiated Claim
South African liquidators of Mirror Trading International (MTI) have rejected the claim that declaring the collapsed bitcoin investment platform an unlawful operation would result in victims losing everything. The liquidators suggested that the “unsubstantiated” claim is being propagated by a few MTI investors and their....
The massive move upside had MIR form a golden cross Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rallyMirror Protocol's native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across the broader crypto market. But a sharp rebound ensued, taking the price to as high as $1.41 two days later, up more than 40% when measured from MIR's record low.MIR/USD four-hour price chart.....
The optimistic outlook emerges as Mirror's native token MIR bounces 30% in two days amid the formation of a bullish reversal pattern. Mirror Protocol, a decentralized finance (DeFi) protocol built atop the Terra blockchain, was among the biggest gainers in the last 48 hours, primarily as its native token MIR rallied by over 30% to $1.48, its highest level since Jan. 22.MIR/USD four-hour price chart. Source: TradingViewHas Mirror Protocol bottomed out?MIR price rose despite an absence of concrete fundamentals, a sight pretty common across crypto assets. As a result, its rally may have been....