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A comment on UST Stablecoin Loses Dollar Peg. Parent comment
Stealing the deposits would require
a) Verification happens without any government id (I assume this is true) b) depends somehow on the bank / smart contract authors
Then it would be trivially easy to generate huge amount of "borrowers" who simply "default" on their "loan".
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Stealing the deposits would require
a) Verification happens without any government id (I assume this is true) b) depends somehow on the bank / smart contract authors
Then it would be trivially easy to generate huge amount of "borrowers" who simply "default" on their "loan".