#blockchain

The service is built on the Stellar blockchain and activated by the MoneyGram retail agent network, allowing the exchange's clients to convert digital currency into cash. You can exchange USDC for hryvnias, dollars, and euros at respective MoneyGram branches throughout Ukraine. Currently, the service is available only to users residing in Ukraine who have completed KYC verification with Ukrainian documents. There are no fees for this service until June 2024! For the user, the entire process consists of several steps, which are thoroughly described in the comprehensive exchange instructions on the WhiteBIT website.

This decentralized protocol has suffered a loss of nearly $455,000 owing to a flaw in its code. All activities relating to contracts have been put on hold for now. A blockchain analyst from PeckShield explains this predicament as a result of inadequate input verification within Arcadia's code, a loophole the hacker exploited to drain crypto assets (darcWETH and darcUSDC) in both the Ethereum and Optimism networks.