TenArmor detects attack on Ethereum-based Minimalist USD, with about $160,000 lost

Security monitor TenArmor said it detected an attack involving Minimalist USD on Ethereum, with losses estimated at about $160,000. The assets involved include USM, described in the alert as a stablecoin, and FUM, its companion fund token. The brief notice did not provide added details on how the exploit was carried out, when the attack began, or whether any recovery steps had been taken. The information currently available is limited to TenArmor’s alert and the estimated loss figure it shared.