The ongoing exploit has already netted the attacker nearly $20 million in digital assets.
UwU Lend protocol was hacked for nearly $20 million on Monday, June 10, during an ongoing cryptocurrency exploit.
The exploit, initially valued at $14 million, was first discovered by on-chain security firm Cyvers, which alerted the public in a June 10 post on X:
“Hey @UwU_Lend, you are being attacked! So far the attacker has obtained around $14M…”
UwU Lend is a decentralized finance (DeFi) protocol that operates as a liquidity market, enabling users to deposit and borrow digital assets.
Summary Review: The significant hack of the UwU Lend protocol highlights the vulnerabilities within decentralized finance platforms. As the exploit continues to unfold, it serves as a stark reminder of the importance of robust security measures in the rapidly evolving crypto space.
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