Tag: Iron Bank

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Iron Bank Euro’s Stablecoin Crisis: No Clear Path to Repeg After 60% Value Drop

Source: Adobe / Skórzewiak Iron Bank Euro (IBEUR), a low-cap alternative stablecoin, has found itself in the midst of a crisis with no immediate route back to its stablecoin peg after experiencing a sharp 60% drop in value on Monday. The stablecoin, with a $3.7 million issuance, tumbled from a price of $0.97 (€0.89) to…
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Alpha Homora loses $37 million following Iron Bank exploit

Though a “prime suspect” has been identified, how will the protocol make itself whole? In one of the largest exploits of the DeFi era, this morning an attacker successfully drained over $37 million from Alpha Homora by leveraging Cream’s Iron Bank protocol-to-protocol lending platform.  Alpha Finance Lab, whose protocol was audited by Quantstamp and Peckshield,…
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