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Magic Internet Money (MIN) Drops Value Following LUNA’s Crash

Autism Capital has stated that Terra’s sudden crash has caused Abracadabra to accrue $12 million in bad debt. However, Abracadabra’s founder, Daniele Sestagalli, has refuted such claims.

Magic Internet Money (MIN) has also become one of the stablecoins that lost its stablecoin value pegged to $1, as the crypto market continues to slump. The unexpected de-pegging of the MIN token started on June 17 when the stablecoin dropped slightly to $0.926 within three hours.

LUNA’s Liquidation Affects Abracadabra And Its MIM TOKEN

Apart from investors, the crumbling of TerraUSD (UST) and LUNA also affected several crypto projects, including the MIN token ecosystem of Abracadabra, according to Autism Capital.

This affected Abracadabra because liquidations didn’t occur on time to cover the protocol’s MIM liabilities. But while responding to the claim, Sestagalli stated that there was no insolvency on the platform and that investors should not be bothered.

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 “[The Abracadabra] Treasury has more money than the debt and $CRV are valuable for the protocol,” he assured.

The support his claims, Sestagalli shared the treasury address that holds $12 million in assets, urging investors to verify the amount using on-chain data.

Investors Urged To Monitor The Market

Autism Capital alleged that Abracadabra’s bad debt came five days ago. The protocol is facing risks of insolvency either through bad debt created or via the MIM treasury that continues to shrink in value.

But investors have been urged to monitor fluctuations in the market and carry out their research before making any investment decision.

The price of stablecoin protocol USDD fell to $0.97 five days ago on major crypto exchanges. The market is still shaky, which has gotten a lot of investors very worried. Some have already cashed in to avoid making more losses in the market.

The sudden crash of Terra’s LUNA and UST has caused a lot of upheavals in the market, with many losing millions from the incident. Experts are now monitoring other stablecoins in case there is a ripple effect from the UST collapse.

To help with the market fluctuations, Tron DAO Reserve has backed the USDD peg after infusing 700 million USD Coin.

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linear congruential generator – is it possible recover first seed from outputs?

Let’s consider generator: $$x_{n+1}=(a⋅x_{n} – c) bmod m$$ $c$ is unknown, but we know it is our seed to find $a$ is unknown We know $m$ and some output $x_{n+1}$: m = 0xfffffffffffffffffffffffffffffffebaaedce6af48a03bbfd25e8cd0364141 x__1= 75199342975580105929921523374991949663851990993055300840342917775359638295019 x__2= 34606596713844016436272061741295991474866417707035697298080672409201115095701 x__3=109805939689424122366193585116287941138718408700090998138423590184560753390720 x__4= 69213193427688032872544123482591982949732835414071394596161344818402230191402 x__5= 28620447165951943378894661848896024760747262128051791053899099452243706992084 x__6=103819790141532049308816185223887974424599253121107091894242017227603345287103 x__7= 63227043879795959815166723590192016235613679835087488351979771861444822087785 x__8= 22634297618059870321517261956496058046628106549067884809717526495286298888467 x__9= 97833640593639976251438785331488007710480097542123185650060444270645937183486 x_10= 57240894331903886757789323697792049521494524256103582107798198904487413984168 x_11= 16648148070167797264139862064096091332508950970083978565535953538328890784850 x_12= 91847491045747903194061385439088040996360941963139279405878871313688529079869::Listen

Let’s consider generator:

$$x_{n+1}=(a⋅x_{n} – c) bmod m$$

$c$ is unknown, but we know it is our seed to find

$a$ is unknown

We know $m$ and some output $x_{n+1}$:

m   = 0xfffffffffffffffffffffffffffffffebaaedce6af48a03bbfd25e8cd0364141
x__1= 75199342975580105929921523374991949663851990993055300840342917775359638295019
x__2= 34606596713844016436272061741295991474866417707035697298080672409201115095701
x__3=109805939689424122366193585116287941138718408700090998138423590184560753390720
x__4= 69213193427688032872544123482591982949732835414071394596161344818402230191402
x__5= 28620447165951943378894661848896024760747262128051791053899099452243706992084
x__6=103819790141532049308816185223887974424599253121107091894242017227603345287103
x__7= 63227043879795959815166723590192016235613679835087488351979771861444822087785
x__8= 22634297618059870321517261956496058046628106549067884809717526495286298888467
x__9= 97833640593639976251438785331488007710480097542123185650060444270645937183486
x_10= 57240894331903886757789323697792049521494524256103582107798198904487413984168
x_11= 16648148070167797264139862064096091332508950970083978565535953538328890784850
x_12= 91847491045747903194061385439088040996360941963139279405878871313688529079869
x_13= 51254744784011813700411923805392082807375368677119675863616625947530005880551
x_14= 10661998522275724206762462171696124618389795391100072321354380581371482681233
x_15= 85861341497855830136683985546688074282241786384155373161697298356731120976252
x_16= 45268595236119740643034523912992116093256213098135769619435052990572597776934

The first seed to find it is 1329227995784915872903807060280344576

How is it calculated?

Magic Internet Money (MIN) Drops Value Following LUNA’s Crash

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