
Zunami Protocol Loses $2.1M in Fresh Price Manipulation Attack
Zunami may be the latest victim of a flash loan attack, a scheme that has gradually become the bane of existence for many DeFi protocols.
Zunami may be the latest victim of a flash loan attack, a scheme that has gradually become the bane of existence for many DeFi protocols.
DeFi hacks have gone through the roof in recent times and many will argue that the DeFi ecosystem has proven time and again that it is indeed an exploiter’s paradise.
The incident comes barely three days after Jimbos Protocol launched its version 2.
The hacker was able to withdraw more tokens than were initially deposited.
The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets.