Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following据报交易员利用Erebor银行稳定币免费计划漏洞进行套利
据2026年9月15日发布的报道（目前仅部分验证），交易员 reportedly 利用了Erebor银行稳定币免费计划中的漏洞，通过以面值将USDT和USDC等代币零成本兑换为美元，开展套利交易。
关键要点
免费兑换服务：据报道，Erebor银行为符合条件的客户提供免费的稳定币兑美元兑换服务，且按面值计算。该优惠的具体条款尚未得到独立确认。
机构参与套利：据未经证实的报道，包括Wintermute和Galaxy Digital在内的交易公司利用这些免费兑换服务，对折价稳定币进行套利操作。
证据缺失：上述指控源自单一的消息来源链条。截至目前，尚未获取任何银行文件、交易记录或监管备案来证实这些说法。
Erebor银行免费稳定币计划详情
据BeInCrypto转引的未证实报道（其消息源指向The Information），Erebor银行 reportedly 为符合条件的客户提供免费的USDC和USDT兑美元兑换服务，且按面值结算。然而，由于未检索到原始的银行费率表或客户协议，无法确认“免费”具体涵盖的范围。
It is unclear whether "free" means waiving issuance fees and transfer costs, or eliminating the spread between the discounted token and its redemption value in US dollars. The types of assets supported, qualification rules, preferential periods and limits cannot be independently verified. For companies built on tokenized dollar infrastructure (such as instant stablecoin liquidity products), the accuracy of these conversion terms is crucial and directly determines the success or failure of the business.
How traders discovered vulnerabilities
According to unconfirmed reports attributed to The Information, Wintermute reportedly purchased discounted USDT and redeemed millions of dollars of equivalent funds through Erebor Bank, and Galaxy Digital also conducted similar stablecoin redemption transactions. However, in the evidence obtained, no specific transaction records, time points and exact transaction volume were provided.
The appeal of this operation mainly stems from circumventing the fees typically incurred by direct issuers for redemptions. Based on Tether's published rates, the fee for each direct redemption is US$1,000 or 0.1%(whichever is higher), while the fee for acquiring tokens is 0.1%.
Tether's direct redemption fee is US$1,000 or 0.1%. whichever is higher, Tether's official rate table shows that the minimum amount for direct redemption or redemption of tokens is US$100,000. Relevant reports from BeInCrypto omitted this threshold. Any graphical representation of gains around these costs is hypothetical only; there is no documentation of realized profits, bank losses or execution prices.
Tether最低直接赎回金额 100,000美元 作为背景参考，在研究快照中，USDC的交易价格为0.9997美元，市值约为737亿美元。这是当前的市场背景信息，而非报道中所涉交易的执行价格。
Erebor银行的回应与未解之谜
据未证实的报道，Erebor银行 reportedly 通知包括Wintermute在内的公司停止相关操作，并引入了与存款挂钩的资格限制、基于交易量的费用以及额度限制。然而，尚未检索到确认生效日期、存款门槛或修订后费率的银行公告。
报道还提及FDIC（美国联邦存款保险公司）批准了Erebor的模式及其计划的融资轮次，但查询FDIC候选文件时返回404错误，且未获得任何融资公告；这些细节仍仅停留在传闻阶段。与近期关于交易所合规压力下经济状况的故事以及Circle收购SPAC文件的案例类似，这里的商业细节至关重要，但尚未进入公开记录。
在市场情绪方面，恐惧与贪婪指数在研究快照中处于中性水平51点；未收集到针对Erebank事件的具体市场反应。核心主张仅依赖单一消息源，关于交易本身、银行条款以及任何监管批准的独立确认工作仍在进行中。
免责声明：本文仅供参考，不构成财务或投资建议。加密货币和数字资产市场存在重大风险。在做出决策之前，请务必进行独立研究。
