Popular cryptocurrency platform Arkham Intelligence said in its post that the UwU Lend protocol was recently attacked.
Attackers stole approximately $20 million worth of cryptocurrency.
ALERT: Possible exploit on Uwulend🚨🚨
$19.3M removed so far.
Address:https://t.co/mDU0WTbE7S pic.twitter.com/Bx7cLbkrqE
— Arkham (@ArkhamIntel) June 10, 2024
Attacker Converts What He Stole into Ethereum (ETH)!
Apart from Arkham, on-chain security company Cyvers also confirmed the hack. He said that the attacker replaced what he stole with Ethereum (ETH).
“Our system has detected a number of suspicious transactions related to UwU Lend.
The attacker carried out 3 transactions and managed to obtain approximately $19.5 million. But the hack still continues! The amount may increase. Currently, the attacker is exchanging the stolen digital assets for Ethereum (ETH).”
🚨ALERT🚨Our system has detected a series of suspicious transactions involving @UwU_Lend!
Attacker has executed 3 transactions and was able to get around $19.5M. But hack is still ongoing! Amount might increase. Right now attacker is swapping stolen digital assets to $ETH.… https://t.co/8cAB2NWwKV pic.twitter.com/V2RrqYagD2
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) June 10, 2024
*This is not investment advice.
