Christmas does not seem so quiet

first is the Trust wallet hack, then the USX depeg

@solsticefi says the underlying nav and custodied backing are unaffected and still >100% collateralized

1:1 redemptions in the primary market stayed open, and they’ve requested an additional third-party attestation while working with market makers to inject liquidity

this is probably a secondary market liquidity issue

shout out to the team for resolving it that fast, as UXS is back to $1 already

but depegs are always a reminder to size risk