Coinspeaker
Zunami Protocol Loses $2.1M in Fresh Price Manipulation Attack
Decentralized finance protocol Zunami Protocol has confirmed to its clients that there has been an attack on its “zStables” pools on Curve Finance. Sharing the news on Twitter, Zunami assured clients that its collateral remains intact. However, the protocol also warned clients to avoid buying any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins while it investigates the matter.
Meanwhile, blockchain security firm PeckShield has tied the exploit to price manipulation by attackers. And by its estimates, the attackers carted away no less than $2.1 million from Zunami’s Curve Pool. For what it’s worth, another blockchain security outfit Ironblocks has also estimated Zunami’s loss, pegging it at similar figures to that of PeckShield.
It might be worth mentioning that Zunami protocol did not catch wind of the attack until about 20 minutes after PeckShield discovered the exploit on Curve. Zunami lat
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