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<p class="is-style-lead">Zunami Protocol has suffered an attack on its zStables pools, leading to a $2.1 million loss. The company assures that the collateral is secure.</p> 
<p>The blockchain security firm, <a href="https://crypto.news/peckshield-sees-increase-in-bingchatgpt-scam-tokens/" data-type="link" data-id="https://crypto.news/peckshield-sees-increase-in-bingchatgpt-scam-tokens/" rel="noopener noreferrer nofollow">PeckShield</a>, detected the attack on August 13. It stated that the company lost nearly $2.1 million.</p> 
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   <p lang="en" dir="ltr">Hi <a href="https://twitter.com/ZunamiProtocol?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ZunamiProtocol</a> Today's hack leads to &gt;$2.1m loss and there are two hack txs involved: <br>– tx1: <a href="https://t.co/jsOmPT62mk" target="_blank" rel="noopener noreferrer nofollow">https://t.co/jsOmPT62mk</a><br>– tx2: <a href="https://t.co/u7YOvoS0R9" target="_blank" rel="noopener noreferrer nofollow">https://t.co/u7YOvoS0R9</a><br><br>It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the… <a href="https://t.co/yqwMVy0pCA" target="_blank" rel="noopener noreferrer nofollow">https://t.co/yqwMVy0pCA</a> <a href="https://t.co/OfrDni7KtE" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/OfrDni7KtE</a></p>— PeckShield Inc. (@peckshield) <a href="https://twitter.com/peckshield/status/1690877589005778945?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 14, 2023</a> 
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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 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>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><a href="https://www.statista.com/statistics/1351718/number-of-cryptocurrency-heists-worldwide/#:~:text=The%20number%20of%20cryptocurrency%20heists,lost%20to%20crypto%20security%20threats." target="_blank" rel="noopener noreferrer nofollow">Statista</a> 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<a href="https://crypto.news/blackberry-identifies-malware-that-affects-crypto-community/" rel="noopener noreferrer nofollow"> Blackberry</a>, identified some of the most common malware currently affecting the crypto industry, such as SmokeLoader, RaccoonStealer, and Vidar.</p> 
<p> Read more: <a href="https://crypto.news/blackberry-identifies-malware-that-affects-crypto-community/" rel="noopener noreferrer nofollow"> Blackberry identifies malware that affects crypto community </a> </p>

Zunami Protocol lost $2.1 million to cyber attack

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