Summary:
Hackers stole over $2.1 million from Zunami Protocol, a stablecoin staking platform, through a price manipulation attack. The stolen funds were then sent to the crypto mixer Tornado Cash. As a result of the hack, the native stablecoin, UZD, has dropped to zero. Zunami Protocol confirmed the hack and is conducting investigations. Meanwhile, Curve Finance, which had previously recovered a major portion of the funds lost in a reentrancy hack, experienced another hack where Zunami Protocol’s Curve Pool was drained.
Main Breakdowns:
– Hackers stole $2.1 million from Zunami Protocol through a price manipulation attack.
– The stolen funds were sent to the crypto mixer Tornado Cash.
– The native stablecoin, UZD, has dropped to zero as a result of the hack.
– Zunami Protocol confirmed the hack and is investigating the incident.
– Curve Finance’s Curve Pool was drained in a separate hack.
Hot Take:
The recent hacks on Zunami Protocol and Curve Finance highlight the ongoing security vulnerabilities in the crypto space. Investors and users need to remain vigilant and cautious when participating in DeFi platforms. The industry must continue to prioritize security measures and implement robust solutions to protect users’ funds.
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