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 <p class="is-style-lead">Zunami Protocol has suffered an <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> on its zStables pools, leading to a $2.1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> loss. The company assures that the collateral is secure.</p> 
 <p>The blockchain security firm, PeckShield, detected the <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a> on August 13. It stated that the company lost nearly $2.1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p> 
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    <p lang="en" dir="ltr">Hi @ZunamiProtocol Today's hack leads to &gt;$2.1m loss and there are two hack txs involved: <br>– tx1: https://t.co/jsOmPT62mk<br>– tx2: https://t.co/u7YOvoS0R9<br><br>It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the… https://t.co/yqwMVy0pCA pic.twitter.com/OfrDni7KtE</p>— PeckShield Inc. (@peckshield) August 14, 2023 
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 <p>Zunami confirmed the attack 20 minutes later. The attack affected Zunamis stablecoins, USD stablecoins, and Zunami Ether.</p> 
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    <p lang="en" dir="ltr">It appears that zStables have encountered an <a rel="noopener noreferrer nofollow" title="attack" href="https://thebittimes.com/tag/attack.html">attack</a>. The collateral remain secure, we delve into the ongoing investigation.</p>— Zunami Protocol (@ZunamiProtocol) August 13, 2023 
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 <p>Defi protocol Zunami is a yield farming aggregator for stablecoin staking. The company holds a DAO that promises the highest APY return in the market for staking. Zunami has a total TVL of 5 million, according to its official website.</p> 
 <p>During the last six years, the hacking and cyberattacks within the crypto industry have grown exponentially.&nbsp;</p> 
 <p>Statista reveals the attacks went from nine instances in 2017 to 190 in 2022. </p> 
 <p>Different companies that are working in the cybersecurity industry, like Blackberry, identified some of the most common malware currently affecting the crypto industry, such as SmokeLoader, RaccoonStealer, and Vidar.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Blackberry identifies malware that affects crypto community 
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Zunami Protocol lost $2.1 million to cyber attack

TheBitTimes

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