#analysis

The issuer of USDT has resolved to end support for Kusama, Bitcoin Cash SLP, and Omni Layer. This move follows an in-depth analysis of the functionality, safety, and stability of these particular blockchains. Notably, Omni Layer, Tether's first transport layer since its inception in 2014, was instrumental during its early days. However, it has witnessed a decline in popularity due to rising competitive solutions. Though minting of USDT on the aforesaid platforms will be terminated, the redemption process will stay in place for a duration extending at least a year.

Quantstamp, a blockchain security firm, has introduced the Economic Exploit Analysis tool designed to detect potential flash loan attack vulnerabilities in smart contracts. While it can analyze multiple contracts from various DeFi protocols, some manual adjustments are needed for specific protocols. Flash loan attacks, which have drained about $200 million in the Euler Finance exploit alone, are a growing concern in DeFi.