CoinDesk reported:
The trader was also able to use the pre-crash pricing for aBNBc to borrow $16 million of the little-traded HAY stablecoin and convert that into BUSD. Since then, the HAY stablecoin has been tossed off its peg, hitting a low of 20 cents, and is now recovering, according to CoinMarketCap, with a price of 77 cents.