1 year ago
Blockchain information steadfast PeckShield estimates the protocol suffered much than $2.1 cardinal from the terms manipulation attack.
Decentralized concern protocol Zunami Protocol has confirmed it has encountered an onslaught connected its "zStables" stablecoin pools.
Blockchain information steadfast PeckShield was 1 of the archetypal to detect the imaginable exploit connected Curve connected August 13 astatine 10:47 UTC. Zunami past confirmed the onslaught astir 20 minutes later.
Zunami said that collateral successful the pools stay unafraid and that the contented is present nether investigation.
It appears that zStables person encountered an attack. The collateral stay secure, we delve into the ongoing investigation.
— Zunami Protocol (@ZunamiProtocol) August 13, 2023It is currently believed a flash indebtedness terms manipulation onslaught has taken place, with Zunami USD and Zunami ETH pools impacted.
Initial estimates from Web3 information steadfast Ironblocks has pegged the onslaught to person caused $2.1 cardinal successful Ether (ETH) stolen. PeckShield arrived astatine the aforesaid figure.
first probe of the caller exploit successful @ZunamiProtocol
the attacker: 0x5f4c21c9bb73c8b4a296cc256c0cde324db146df
the attacker contract: 0xa21a2b59d80dc42d332f778cbb9ea127100e5d75
the stolen amount: 2,127,000 $ (1,152 ETH)
Zunami is simply a decentralized gross aggregator protocol which allows users to involvement stablecoins for yield, with its largest unchangeable pools situated connected Curve.
Cointelegraph reached retired to Zunami for remark but did not person an contiguous response.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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