Zunami Protocol’s Post Mortem Reveals Flash Loan Attack Details

• Zunami Protocol hit by a flash loan attack, losing over $2 million in ETH on August 13.
• Attackers manipulated prices of key tokens, draining liquidity from UZD and zETH emissions, leading to the breach.
• Zunami Protocol team plans fixes, audits, and collateral distribution to affected holders, aiming to regain trust in the aftermath of the breach.

In a recent incident, the Zunami Protocol fell victim to a flash loan attack on August 13, 2023, resulting in a significant loss of 1,178 ETH, valued at approximately $2.16 million. The complex attack involved manipulating the price of StakeDAO (SDT) on Sushiswap, effectively disrupting the balance of UZD, Zunami’s stable token. The protocol released a Post Mortem of what happened exactly.

According to the post mortem, the attackers also employed flash loans, a technique that allowed them …

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