Stablecoin

Hundred Finance

Optimism

Decentralized finance Zunami Protocol has lately <a href="https://twitter.com/ZunamiProtocol/status/1690863406079696896?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1690885809639948288%7Ctwgr%5E58551c38cbc61d0391aeef6465365234569b617a%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fzunami-protocol-confirms-stablecoin-pools-attacked-in-exploit">warned</a> consumers not to purchase any of its own Zunami Ether (zETH) or Zunami USD (UZD) stablecoins. The tweet follows a breach on its “zStables” pools on Curve Finance.&nbsp; 
<h2 id="span-style-font-weight-400-zunami-confirms-stablecoin-pool-s-exploit-span">Zunami Confirms Stablecoin Pool’s Exploit</h2> 
On August 13, Zunami informed on X (formerly known as Twitter) that one of its stablecoin pools had been compromised, but that collateral remained intact while the company investigated whether it was an exploit.&nbsp; 
<h3 id="span-style-font-weight-400-peckshield-was-first-to-report-the-zunami-exploit-span">PeckShield was First to Report the Zunami Exploit</h3> 
PeckShield, a blockchain security business, was the first organization to <a href="https://twitter.com/peckshield/status/1690877589005778945?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1690877589005778945%7Ctwgr%5E58551c38cbc61d0391aeef6465365234569b617a%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fzunami-protocol-confirms-stablecoin-pools-attacked-in-exploit">notice</a> the Curve attack on August 13 at 10:47 UTC, which was officially acknowledged by Zunami around 20 minutes later. According to PeckShield, almost $2.1 million has been stolen from Zumani’s Curve Pool, tying the attack to a cost manipulation problem. Ironblocks, another blockchain security organization, came to a comparable estimation. 
<h2 id="span-style-font-weight-400-vyper-exploit-span">Vyper Exploit</h2> 
Notably, on July 30, a number of hackers targeted holes in the broadly accessible archive of Curve Finance’s Vyper compiler. Vyper compiler versions 0.2.15 to 0.3.0 have been targeted by the hackers. Curve Finance, a Decentralised Finance (DeFi) system, on the other hand, has just made a public statement to refund its users who were harmed by the most recent attack, which ended up resulting in $62 million in financial losses.&nbsp; 
<h3 id="span-style-font-weight-400-warnings-against-crypto-exploits-span">Warnings Against Crypto Exploits</h3> 
<a href="https://thecoinrise.com/peckshield-alerts-investors-to-the-risks-of-ape-token-staking-in-nft-pools/">PeckShield recently issued a warning</a> to crypto consumers regarding the risks of APE holding in Non-Fungible Tokens (NFT) schemes. The security alert was issued right after an online criminal bought a Bored Ape Yacht Club (BAYC) NFT and received staked APE along with the sold NFT. According to PeckShield, the hacker bought 14,300 APE tokens worth about $60,000 on acquiring BAYC 7810. 
In April, the security firm detailed how the well-known decentralized finance lending system Hundred Finance was subjected to an attack on the Optimism layer-2 scaling network, resulting in the <a href="https://thecoinrise.com/hundred-finance-exploit-hackers-drain-7m/">loss of assets worth around $7 million</a>. 
The post <a rel="nofollow" href="https://thecoinrise.com/zunami-protocol-confirms-2-1m-exploit/">Zunami Protocol Confirms $2.1M Exploit</a> appeared first on <a rel="nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Zunami Protocol Confirms $2.1M Exploit

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