UwU Lend’s decentralized financing protocol has once again been exploited by the same perpetrator, and it lost $3.7 million in funds.
UwU Lend is a new lending program that offers borrowers the opportunity to borrow money. EthereumThe same hacker who took nearly $20 million from this protocol just two days before has apparently done it again.
As per data Cyvers Alerts reported that the hacker had drained $3.7 Million in liquid assets from uDAI pools, including uWETH and uCRVUSD. According to the company, all assets stolen have been converted into ETH. They are being held at the address of the hacker.
You can also read about the advantages of using noted The hacker, using the alias of @CryptoEvgen on X, used the funds “stolen during the first hack for this new attack.” UwU Lend still hasn’t made a public announcement on this latest incident.
Two days ago, UwU Lend reported a loss of $20 million in crypto. The protocol called it a “scam”. “sophisticated attack.” The crypto.news reportedCurveLlamaLend was used by the assailant to appear to be the weapon. “exit liquidity” The attack.
Michael Patryn – also known by the names Omar Dhanani and Michael Patryn – founded UwU Lend. “0xSifu,” Co-founder of QuadrigaCX, the doomed exchange. According to the open-source software.source UwU Lend is a code for AAVE version 2 that offers lending, staking and borrowing services. It also shares its platform’s revenues with the users using UwU.
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Source: crypto.news