Coin

<ul class="news-points"> 
 <li><strong>Zunami Protocol’s zStables pool on Curve Finance targeted in latest DeFi attack.</strong></li> 
 <li><strong>The exploit amounting to $2.1M was detected by PeckShield and Ironblocks.</strong></li> 
 <li><strong>UZD value crashes over 99%, and zETH drops 88% to $206.</strong></li> 
</ul> 
<p>Zunami Protocol’s core liquidity pool, hosted on the decentralized exchange Curve Finance, has become the target of the latest attack in the decentralized finance space. The exploit, which resulted in a loss of more than $2.1 million, was detected and reported by <a href="https://coinedition.com/what-is-blockchain-everything-you-need-to-know/" rel="noopener noreferrer nofollow">blockchain</a> security firms PeckShield and Ironblocks.</p> 
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   <p lang="en" dir="ltr">It appears that zStables have encountered an attack. The collateral remain secure, we delve into the ongoing investigation.</p>— Zunami Protocol (@ZunamiProtocol) <a href="https://twitter.com/ZunamiProtocol/status/1690863406079696896?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 13, 2023</a> 
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<p>Zunami Protocol, a platform specializing in yield farming aggregation for stablecoin staking, has reported that its zStables pool on Curve has suffered an attack. According to <a href="https://twitter.com/peckshield/status/1690877589005778945" target="_blank" rel="noopener noreferrer nofollow">Peckshield</a>, the hack resulted in more than $2.1 million in losses through two separate transactions. “It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the following figures,” as reported.</p> 
<p>Ironblocks further explained th…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/zunami-protocol-suffers-2-1m-loss-in-classic-price-manipulation/">Zunami Protocol Suffers $2.1M Loss in Classic Price Manipulation</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Zunami Protocol Suffers $2.1M Loss in Classic Price Manipulation

Coin Edition

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