📰 The crypto market has just experienced its huge three-day sell-off in almost a year, with a brief loss of as much as $510 billion since Aug. 2.

The sharp crypto selloff co-occurred with a decline in equities, with the S&P 500 dropping by as much as 4.4%.

It was triggered by poor employment data, sluggish growth in major tech stocks, and renewed fears of a recession that triggered the downturn.

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🎯 An infinite mint attack occurs when an unauthorized entity or hacker mints excessive tokens within a protocol, increasing its supply to an unsustainable level. This action devalues each token in the system.

☝️ The process usually unfolds quickly, with attackers making off with millions of dollars' worth of tokens. Attackers often proceed to sell off all the newly created tokens on the market, leading to a crash in the price.

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