Scream

Quick Summary

Scream has incurred 35,000,000 $USD in bad debt after the $FUSD and $DEI stablecoins lost their peg to $USD


Details of the Exploit

Scream is a lending and borrowing protocol running on the Fantom blockchain. After $FUSD and $DEI tokens lost their peg to $USD,
whales took advantage of this situation and deposited large amounts of $FUSD and $DEI to drain other stablecoins like $FUSDT,
$FRAX, $DAI, $MIM and $USDC from the platforms smart contract. 

The Lending Protocol also lost roughly 50% of the total value locked on the platform.




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