Aug 2024 - Usual Money Discord Breach Fake Airdrop - $Unknown (Global)
"Stablecoin infra for the un-tethered era. Usual is a secure and decentralized fiat-backed stablecoin issuer that redistributes ownership and value through the $USUAL token."
"Usual is a multi-chain infrastructure that aggregates the growing tokenized Real-World Assets (RWAs) from entities like BlackRock, Ondo, Mountain Protocol, M0 or Hashnote to transform them into a permissionless, on-chain verifiable, and composable stablecoin (USD0)."
"Usual is built around the redistribution of power and ownership to users & third parties, akin to a scenario where Tether’s TVL providers would own the company and the associated revenues."
"Each year, users give billions to fiat-backed stablecoin issuers. Usual reinvents this by providing a bankless account with a more transparent and secure stablecoin, while also offering better opportunities to its users."
"We rebuild Tether infrastructure 100% onchain." "Usual is a versatile multi-chain blockchain infrastructure. It aggregates the Real-World Assets from entities like BlackRock, Ondo, and Hashnote, transforming them into a safer, permissionless, verifiable, and composable stablecoin."
"You've been waiting, it's here: Usual's Reward Claims*! We're thrilled to announce that Usual is launching a rewards airdrop for our active platform users and dedicated community members! Who's eligible?: Active users of the Usual platform & Holders and Stakers of $USDO. How to check eligibility?: Visit our claim portal and connect your wallet to see if you qualify. What's being distributed?: 250,000 $USDO.
Stay tuned for more details! We'll be sharing additional information in the coming days. Thank you for being part of the Usual community. Your continued support and engagement makes initiatives like this possible!"
"Our discord is hack currently. Do not click on any link please."
"Our Discord has been hacked. Please do not click on any links."
Further Analysis
Usual Money pitches their stablecoin as an alternative to incumbents Tether and Circle, allowing holders to gain not just profits but also ownership in the protocol. A hacker decided they wanted some ownership of the Discord channel, launching a phishing link that promised even more profits to the community through a new rewards program. It is unclear if any users fell for the phishing link, and even exactly how long the link remained present.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Pythia Finance Staking Contract Vulnerability And Rug Pull > > < < Powerledger Telegram Channel Permanently Lost
Sources/Further Reading
SlowMist Hacked - SlowMist Zone (Dec 31)
@usualmoney Twitter (Dec 31)
@usualmoney Twitter (Dec 31)
@usualmoney Twitter (Dec 31)
Usual (Dec 31)
What is Usual? | Usual Docs (Dec 31)
Why Usual? | Usual Docs (Dec 31)
@usualmoney Twitter (Dec 31)
@usualmoney Twitter (Dec 31)
@Madridiotpendu7 Twitter (Dec 31)
@Madridiotpendu7 Twitter (Dec 31)
@Sedaprasanyaad Twitter (Dec 31)
@b0x_in Twitter (Dec 31)
@TheACKx Twitter (Dec 31)
@blckbld0 Twitter (Dec 31)
@Mikeong_88 Twitter (Dec 31)
@PedroJordan06 Twitter (Dec 31)
@deficorner Twitter (Dec 31)
@m3gaxbt Twitter (Dec 31)
@kwt_thomas Twitter (Dec 31)
@yarvadehtaga Twitter (Dec 31)
@MaskaraChico Twitter (Dec 31)
@LaVita1990 Twitter (Dec 31)
@Crypto_Pilote Twitter (Dec 31)
@tramcamap Twitter (Dec 31)
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