Hackers steal 4,600 BNB from Tron's JUST ecosystem in latest exploit JST $JST CryptoNews Crypto DeFi
JUST refers to a decentralized finance ecosystem built on the TRON blockchain with its entire suite of products mostly centered on a decentralized stablecoin lending platform known as JustStable.
The JUST ecosystem, which launched in August 2020 following an initial exchange offering on the Poloniex LaunchBase platform earlier that same year, has two tokens — USDJ and JUST tokens.The native governance token of the platform however, has been circulating since May 2020. In May, PeckShield reported a slippage of -65% on the JUST token in May of this year. An address had bought JST worth 100 BNB, which later turned into 3,000 BNB after more than a month.
At the time of publication, JST was changing hands at $0.028 with a market capitalization of $253 million. Just Lend, a TRON-powered money market protocol that allows users to add liquidity to lending pools and take out low-interest cryptocurrency loans, takes out the biggest share of market dominance in Tron's DeFi TVL.
At the time of writing, Tron's TVL in DeFi is $5.51 billion, which is above the Binance Smart Chain TVL and Avalanche TVL.
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