Stablecoin USDX crashes 63% as founder faces liquidity drain allegations

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AMB Crypto 2 hours ago 121

Stablecoin USDX crashes 63% as founder faces liquidity drain allegationsA stablecoin designed to maintain a $1 peg crashed to $0.37 on 6 November, losing 63% of its value in hours. The collapse came after the founder was accused of draining millions in liquidity.

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