Analysts flag broken compliance controls in Anchorpoint's live HKDAP stablecoin

A review published by security analyst Yajin Zhou says HKDAP runs on an Ethereum contract that is not production-ready, and has Know-Your-Customer (KYC) and revocation controls that do not work as coded. HKDAP is a Hong Kong dollar stablecoin that Standard Chartered-backed Anchorpoint launched on August 12. What’s wrong with HKDAP’s rules? The security analyst...