Stablecoin USDX crashes 63% as founder faces liquidity drain allegations
07-Nov-2025
AMBCrypto
A 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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A 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.
