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Zunami Protocol Loses $2.1 Million in Cyber Attack

Zunami Protocol Loses $2.1 Million in Cyber Attack

Key Points:

– Zunami Protocol suffered a $2.1 million loss in an attack on its zStables pools.
– The attack was detected by PeckShield and confirmed by Zunami Protocol.
– The attack affected Zunami’s stablecoins, USD stablecoins, and Zunami Ether.
– Zunami Protocol is a yield farming aggregator for stablecoin staking with a total TVL of 5 million.
– The number of hacking and cyberattacks in the crypto industry has increased significantly in recent years.

Hot Take:

The recent attack on Zunami Protocol highlights the ongoing security risks in the crypto industry. As the popularity and value of cryptocurrencies continue to grow, so do the threats from hackers and cybercriminals. This incident serves as a reminder for crypto users to take precautions and remain vigilant when engaging in yield farming and other decentralized finance activities. It is crucial for companies and individuals to prioritize cybersecurity measures and stay updated on the common malware targeting the industry.

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Zunami Protocol Loses $2.1 Million in Cyber Attack