UwULend
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BREAKING NEWS!
UwU Lend Hit by $3.7M Hack Amid Recovery Efforts.
UwU Lend, already reeling from a massive $19.3 million hack earlier this month, has now suffered another blow with a $3.7 million cryptocurrency exploit. The attack, reportedly orchestrated by the same actors as the initial breach, targeted various asset pools including uDAI, uWETH, and others. The stolen funds were swiftly converted into Ethereum and moved to the attackers' address, exacerbating losses for the decentralized finance platform.
Despite immediate efforts to patch vulnerabilities and conduct thorough audits, UwU Lend remains vulnerable to exploitation, leaving its users and investors in a precarious position. The protocol has made strides in reimbursing affected users, having already repaid $9.7 million. However, ongoing security concerns cast a shadow over its future stability.
Crypto investors are urged to exercise caution as UwU Lend works to restore confidence and fortify its defenses against further attacks. The incident underscores the persistent risks in decentralized finance (DeFi) ecosystems.
Source: Cryptopotato
#CryptoSecurity #UwULend #Cryptocurrency #DeFi #Hacking
UwU Lend Hit by $3.7M Hack Amid Recovery Efforts.
UwU Lend, already reeling from a massive $19.3 million hack earlier this month, has now suffered another blow with a $3.7 million cryptocurrency exploit. The attack, reportedly orchestrated by the same actors as the initial breach, targeted various asset pools including uDAI, uWETH, and others. The stolen funds were swiftly converted into Ethereum and moved to the attackers' address, exacerbating losses for the decentralized finance platform.
Despite immediate efforts to patch vulnerabilities and conduct thorough audits, UwU Lend remains vulnerable to exploitation, leaving its users and investors in a precarious position. The protocol has made strides in reimbursing affected users, having already repaid $9.7 million. However, ongoing security concerns cast a shadow over its future stability.
Crypto investors are urged to exercise caution as UwU Lend works to restore confidence and fortify its defenses against further attacks. The incident underscores the persistent risks in decentralized finance (DeFi) ecosystems.
Source: Cryptopotato
#CryptoSecurity #UwULend #Cryptocurrency #DeFi #Hacking
#sifuvisioneth spent 300K #USDT to buy 1.37M #CRV at a low price of $0.2184 after CRV was liquidated in large quantities.
Sifu is short CRV and currently has a debt of 15M CRV ( $4.04M ) on #UwULend
Before CRV was liquidated today, Sifu withdrew 6M #crvUSD from Curve LlamaLend, causing Michale Egorov's borrowing rate to rise.
Sifu is short CRV and currently has a debt of 15M CRV ( $4.04M ) on #UwULend
Before CRV was liquidated today, Sifu withdrew 6M #crvUSD from Curve LlamaLend, causing Michale Egorov's borrowing rate to rise.
After the market drop, #MichaelEgorov was liquidated 2.67M #CRV ($677K) again 20 minutes ago.
He still has 10M #CURVE ($2.5M) staked in #UwULend , with a health rate as low as 1.09.
He still has 10M #CURVE ($2.5M) staked in #UwULend , with a health rate as low as 1.09.
🚨 Uwu Lend hit by a $3.7M hack, the second flash loan exploit this week, totaling $23.7M in losses.
Both attacks are linked to the same perpetrator.
UwULend previously claimed the issue was resolved after a $20M hit on June 10.
#UWU #UwULend #attack #Hacked #TrendingTopic
Both attacks are linked to the same perpetrator.
UwULend previously claimed the issue was resolved after a $20M hit on June 10.
#UWU #UwULend #attack #Hacked #TrendingTopic
#PeckShieldAlert
#UwULend exploiter labeled address has laundered ~2,009 $ETH (worth ~$4.9m) via #TornadoCash The #UwULend exploiter laundered a total of 6,353 $ETH through #TornadoCash
#UwULend exploiter labeled address has laundered ~2,009 $ETH (worth ~$4.9m) via #TornadoCash The #UwULend exploiter laundered a total of 6,353 $ETH through #TornadoCash
LBank is hosting a UWU (Unicorn) deposit bonus event.
Users who deposit at least $50 worth of UWU during the campaign period can earn a 5% cashback bonus, up to a maximum of $50 per user. The total prize pool for the event is $5,000 USDT.
#LBANK #UWU #unicorn #UwULend #BinanceTurns7
Users who deposit at least $50 worth of UWU during the campaign period can earn a 5% cashback bonus, up to a maximum of $50 per user. The total prize pool for the event is $5,000 USDT.
#LBANK #UWU #unicorn #UwULend #BinanceTurns7
