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Zunami Protocol Exploited for Over $2 Million, Native Stablecoin (UZD) Plunges 99%

On the 13th of August, DeFi project Zunami Protocol was attacked by bad actors, resulting in an estimated loss of $2.1 million. A decentralized revenue aggregator project allowing users to stake stablecoins for yield, the exploit of Zunami focused on its Curve pools, adding one more victim to the list of protocols affected by the recent attack on Curve Finance. The exploit was first detected by blockchain security firm PeckShield, who immediately notified Zunami. According to PeckShield, the attack – which netted the bad actor $2.1 million and counting – was carried out via price manipulation made possible by donating to the protocol.

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