Uwulend
Contents
Uwulend - Rekt
UwuLend, a lending protocol launched by Frog Nation's former CFO Sifu, was hacked for $19.4 million due to an oracle manipulation attack.
The attack, first identified by Cyvers, utilized a series of three transactions within six minutes to convert stolen $WBTC and $DAI into $ETH after being funded from Tornado Cash.
UwuLend acknowledged the exploit roughly an hour later, pausing the protocol while the team investigated the situation.
The $19.4 million in drained capital was swiftly moved across two Ethereum addresses in a blitz strike choreographed with criminal precision.
For a protocol that had recently passed a robust security audit, this blindsiding exploit represented a nightmarish rug pull from the UwuLend depositors' perspective.
In light of the exploit, skeptics can't help but raise an eyebrow at Sifu's involvement.
With his history of controversies, the question on everyone's mind is, has the former Frog Nation CFO orchestrated yet another masterful deception in the crypto realm?
Credit: …
UwuLend, a lending protocol launched by Frog Nation's former CFO Sifu, was hacked for $19.4 million due to an oracle manipulation attack.
The attack, first identified by Cyvers, utilized a series of three transactions within six minutes to convert stolen $WBTC and $DAI into $ETH after being funded from Tornado Cash.
UwuLend acknowledged the exploit roughly an hour later, pausing the protocol while the team investigated the situation.
The $19.4 million in drained capital was swiftly moved across two Ethereum addresses in a blitz strike choreographed with criminal precision.
For a protocol that had recently passed a robust security audit, this blindsiding exploit represented a nightmarish rug pull from the UwuLend depositors' perspective.
In light of the exploit, skeptics can't help but raise an eyebrow at Sifu's involvement.
With his history of controversies, the question on everyone's mind is, has the former Frog Nation CFO orchestrated yet another masterful deception in the crypto realm?
Credit: …
IoC
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