📉🪙 CoinGecko data indicates that UZD, the native dollar-backed stablecoin of Zunami Protocol in the Curve (CRV) ecosystem, has experienced a significant drop of 97.6%, now trading around $0.024. Zunami Protocol reportedly faced a hacking attack, resulting in over $2.1 million in damages. The incident highlights the potential vulnerabilities within the DeFi space and the importance of robust security measures. 🛡️💸 #ZunamiProtocol #UZDStablecoin #DeFiSecurity #CryptocurrencyUpdates

🔒🔍 Blockchain-focused security firm Peckshield revealed via Twitter that the CRV ecosystem DeFi protocol Zunami Protocol fell victim to a hacking attack, incurring over $2.1 million in losses. Peckshield noted that the attacker exploited a code vulnerability to manipulate the price of Zunami's own dollar-backed stablecoin, UZD. Incidents like these emphasize the importance of robust security measures within the DeFi space. 💻💰 #ZunamiProtocol #DeFiHack #CodeVulnerability #CryptocurrencySecurity

Zunami Protocol, a DeFi protocol within the CRV ecosystem, has shared on its official Medium that it has successfully concluded an angel round of investment. Although the specific investment amount has not been disclosed, it's noteworthy that prominent figures like CRV founder Michael Egorov and Cream Finance, among others, participated in this funding round.
Zunami had previously faced a hacking attack in August, resulting in losses exceeding $2.1 million. In light of this incident, Zunami is preparing to release Zunami v2 in November, likely with enhanced security measures and improvements to prevent similar occurrences in the future. 🚀💰 #DeFi #ZunamiProtocol #CryptoNews