{"id":58111,"date":"2023-08-14T01:33:28","date_gmt":"2023-08-14T01:33:28","guid":{"rendered":"http:\/\/egrowonline.com\/?p=58111"},"modified":"2023-08-14T01:33:28","modified_gmt":"2023-08-14T01:33:28","slug":"zunami-protocol-confirms-stablecoin-pools-attacked-2-1m-loss-estimated","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=58111","title":{"rendered":"Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated"},"content":{"rendered":"


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Decentralized finance protocol Zunami Protocol has confirmed it has encountered an attack on its \u201czStables\u201d pool on Curve Finance.<\/p>\n

Blockchain security firm PeckShield estimates over $2.1 million was stolen from Zumani\u2019s Curve Pool on Aug. 13, pegging the exploit to a price manipulation issue.\u00a0Fellow blockchain security firm Ironblocks arrived<\/a> at a similar figure.<\/p>\n

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Hi @ZunamiProtocol<\/a> Today’s hack leads to >$2.1m loss and there are two hack txs involved:
– tx1: https:\/\/t.co\/jsOmPT62mk<\/a>
– tx2: https:\/\/t.co\/u7YOvoS0R9<\/a><\/p>\n

It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the\u2026 https:\/\/t.co\/yqwMVy0pCA<\/a> pic.twitter.com\/OfrDni7KtE<\/a><\/p>\n

\u2014 PeckShield Inc. (@peckshield) August 14, 2023<\/a><\/p><\/blockquote>\n

PeckShield detected the exploit on Curve<\/a> on Aug. 13 at 10:47 UTC, which was confirmed by Zunami about 20 minutes later.<\/p>\n

Zunami said that collateral in the Curve pools<\/a> remain secure and that the issue is now under investigation. <\/p>\n

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It appears that zStables have encountered an attack. The collateral remain secure, we delve into the ongoing investigation.<\/p>\n

\u2014 Zunami Protocol (@ZunamiProtocol) August 13, 2023<\/a><\/p><\/blockquote>\n

It is currently\u00a0believed<\/a>\u00a0a flash loan price manipulation attack may have impacted Zunami’s zETH and UZD.<\/p>\n

Related: <\/em><\/strong>Curve Finance vows to reimburse users after $62M hack<\/em><\/strong><\/a><\/p>\n

Zunami’s zETH and UZD Curve pools have been flagged with red exclamation marks on Curve. Source: Curve Finance<\/em><\/figcaption><\/figure>\n

Zunami is a decentralized revenue aggregator protocol that allows users to stake stablecoins for yield, with its largest stable pools situated on Curve. <\/a><\/p>\n

Cointelegraph reached out to Zunami for comment but did not receive an immediate response.<\/p>\n

Magazine: <\/em><\/strong>$3.4B of Bitcoin in a popcorn tin \u2014 The Silk Road hacker\u2019s story<\/em><\/strong><\/a><\/p>\n

This is a developing story, and further information will be added as it becomes available.\n<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Decentralized finance protocol Zunami Protocol has confirmed it has encountered an attack on its \u201czStables\u201d pool on Curve Finance. Blockchain security firm PeckShield estimates over $2.1 million was stolen from Zumani\u2019s Curve Pool on Aug. 13, pegging the exploit to a price manipulation issue.\u00a0Fellow blockchain security firm Ironblocks arrived at a similar figure. Hi @ZunamiProtocol […]<\/p>\n","protected":false},"author":1,"featured_media":58112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[10667,12871,1721,4563,4636,5229,1233,319,16952],"class_list":["post-58111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-21m","tag-attacked","tag-confirms","tag-estimated","tag-loss","tag-pools","tag-protocol","tag-stablecoin","tag-zunami"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/08\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDgvZDY4NGVmZDEtODc2OC00ZGVhLTg1NjItZTgwOGVmYTE0ZDA4LmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58111"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58111\/revisions"}],"predecessor-version":[{"id":58113,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/58111\/revisions\/58113"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/58112"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58111"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}