The hot topic discussed in the cryptocurrency circle today is the hacking incident.
According to the information that has been made public so far, the funds of hackers and arbitrageurs have been locked up by Binance.
Hay is a decentralized stablecoin based on BNb's over-collateralized USD. The price of Hay was seriously decoupled due to the impact of the ankr incident, and the vulnerability has been discovered by the team.
I think hay has a very high chance of returning to 1u.
There are 50 million HAY and 50 million U reserves. Hackers took away 15 million. The remaining reserves correspond to the currency price, which is still low at present.
The 15 million stolen by the hacker is exactly 30%. The current price of HAY is around 0.7u. This means that this part is exactly the funds that were emptied. It is more likely that the price anchor will be restored to 1u after the funds are returned.
