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Unbacked mints: five 2026 incidents, one question the code forgot to ask
Liquid, NEAR Intents, Meter, Symbiosis and Payy failed in different ways this autumn. In each, the system created a claim on real money without checking that real money stood behind it. A look at the common pattern, drawn from the projects' own accounts, and the controls that would have limited it.
Published 3h ago
