UwU Lend Suffers Second Exploit in a Week, Losing $3.7 Million

UwU Lend Suffers Second Exploit in a Week, Losing $3.7 Million
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The attacker now has $3.7 million worth of assets in their wallet address.
Cybercriminals made off with $542.7 million worth of digital assets in Q1 2024.
Beosin and Blocksec, two blockchain security companies, say that $3.7 million was stolen from the decentralized lending protocol UwU Lend today. Security researchers have linked this assault to the same hacker, making it the second flash loan breach of UwU Lend this week.
The attacker now has $3.7 million worth of assets in their wallet address, having converted them to ether. The first assault on the lending protocol occurred on June 10 and resulted in a $20 million loss. The last event was linked to a flash loan exploit, according to Beosin, which affected the platform’s sUSDe stablecoin price oracles.
The next day, UwU Lend issued a further update, claiming it had found and fixed the security hole, after acknowledging the previous exploit. A sUSDe market oracle-specific vulnerability, according to the protocol.
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