Zunami Protocol Suffers $2.1M Loss in Classic Price Manipulation
- Zunami Protocol’s zStables pool on Curve Finance targeted in latest DeFi attack.
- The exploit amounting to $2.1M was detected by PeckShield and Ironblocks.
- UZD value crashes over 99%, and zETH drops 88% to $206.
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 blockchain security firms PeckShield and Ironblocks.
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 Peckshield, 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.
Ironblocks further explained th…
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Zunami Protocol Suffers $2.1M Loss in Classic Price Manipulation
- Zunami Protocol’s zStables pool on Curve Finance targeted in latest DeFi attack.
- The exploit amounting to $2.1M was detected by PeckShield and Ironblocks.
- UZD value crashes over 99%, and zETH drops 88% to $206.
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 blockchain security firms PeckShield and Ironblocks.
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 Peckshield, 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.
Ironblocks further explained th…
The post Zunami Protocol Suffers $2.1M Loss in Classic Price Manipulation appeared first on Coin Edition.
Read More