[ad_1]
Decentralized finance protocol Zunami Protocol has confirmed it has encountered an assault on its “zStables” pool on Curve Finance.
Blockchain safety agency PeckShield estimates over $2.1 million was stolen from Zumani’s Curve Pool on Aug. 13, pegging the exploit to a worth manipulation problem. Fellow blockchain safety agency Ironblocks arrived at an analogous determine.
Hello @ZunamiProtocol At present’s hack results in >$2.1m loss and there are two hack txs concerned: – tx1: https://t.co/jsOmPT62mk- tx2: https://t.co/u7YOvoS0R9
It’s a worth manipulation problem, which will be exploited by donation to incorrectly calculate the worth as proven within the… https://t.co/yqwMVy0pCA pic.twitter.com/OfrDni7KtE
— PeckShield Inc. (@peckshield) August 14, 2023
PeckShield detected the exploit on Curve on Aug. 13 at 10:47 UTC, which was confirmed by Zunami about 20 minutes later.
Zunami stated that collateral within the Curve swimming pools stay safe and that the problem is now beneath investigation.
It seems that zStables have encountered an assault. The collateral stay safe, we delve into the continued investigation.
— Zunami Protocol (@ZunamiProtocol) August 13, 2023
It’s presently believed a flash mortgage worth manipulation assault might have impacted Zunami’s zETH and UZD.
Associated: Curve Finance vows to reimburse customers after $62M hack
Zunami is a decentralized income aggregator protocol that enables customers to stake stablecoins for yield, with its largest secure swimming pools located on Curve.
Cointelegraph reached out to Zunami for remark however didn’t obtain an instantaneous response.
Journal: $3.4B of Bitcoin in a popcorn tin — The Silk Highway hacker’s story
This can be a growing story, and additional info shall be added because it turns into obtainable.
[ad_2]
Source link
