Scream
Hack or exploit on May 16, 2022 · Stablecoin prices de-anchor
What happened
Fantom-based DeFi lending protocol Scream caused $35 million in bad debt after failing to adjust the price of two de-pegged USD stablecoins. The two stablecoins are Fantom USD (FUSD) and Dei (DEI). Both stablecoins are still quoted at $1, according to data from the Scream dashboard. However, their trading prices have been severely de-pegged. Among them, FUSD fell to $0.69, and DEI fell to a low of $0.52. Whale players took advantage of this situation to deposit large amounts of FUSD and DEI at a discount, and siphoned all other stablecoins from the Scream platform. Stablecoins such as Fantom USDT, FRAX, DAI, MIM, and USDC have all been withdrawn from the platform. As a result, users who originally had deposits in these stablecoins would not be able to withdraw from Scream.
Details
- Date
- May 16, 2022
- Kind
- Hack or exploit
- Method
- Stablecoin prices de-anchor
- How in
- Other
- Target
- not stated
- Chains
- Fantom
Reported by
SwanBluechip, "Scream hack, May 16, 2022: $35M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht1da4553f4f/ (data as of 2026-10-31).