Today news
About the same in other media
UwU Lend Protocol Hacked for Nearly $20 Million in Ongoing Cryptocurrency Exploit
Reading now: 859
In an ongoing security breach, the decentralized finance (DeFi) protocol UwU Lend was hacked on Monday for nearly $20 million.
UwU Lend, known for its role as a decentralized finance protocol, allows users to deposit and borrow digital assets, functioning as a liquidity market within the DeFi ecosystem. The exploit, first identified by on-chain security firm Cyvers, has rapidly become a major incident affecting multiple digital assets.
Cyvers initially discovered the exploit, which alerted UwU Lend via a June 10 X post.
The situation quickly escalated as, within an hour, the amount stolen surpassed $20 million.
Read more on cryptonews.comAbout this in other media
Coinbase Aims $2 Million Crypto Ad Campaign at Latino Voters Across US cryptonews.com /5 months ago
Court Allows Lawsuit Against Ripple Over CEO’s Alleged Violation of California Securities Laws cryptonews.com /5 months ago
Kraken Extorted By Security Research Team, $3 Million Drained In Hack cryptonews.com /5 months ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
