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 …
The post Zunami Protocol’s Post Mortem Reveals Flash Loan Attack Details appeared first on Coin Edition.
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 …
The post Zunami Protocol’s Post Mortem Reveals Flash Loan Attack Details appeared first on Coin Edition.