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Decoding Optimism’s 36% crash and what went on behind the scenes
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Just days after its launch, the Optimism’s native token, OP faced its first major hit over a $20 million mistake. The Optimism Foundation ‘accidentally’ transferred 20 million OP tokens to the wrong multi-sig wallet. The error occurred even after two test transactions took place over the chain. Aside from the “lost” tokens, OP prices took a huge slump of over 36% after the news broke.
The Optimism Foundation confirmed in a statement that 20 million OP tokens have been sent to the wrong wallet. The tokens were meant to be transferred to Wintermute, a liquidity provider.
<p lang=«en» dir=«ltr» xml:lang=«en»>Hey folks–in the interest of transparency, we'd like to share some details about an ongoing situation:https://t.co/915vIgRIJGSummary below
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