Popular cryptocurrency platform Arkham Intelligence has reported that the UwU Lend protocol was recently hacked.
According to Arkham Intelligence, attackers managed to steal approximately $20 million worth of cryptocurrency.
Attacker Converts Stolen Funds to Ethereum (ETH)!
In addition to Arkham, on-chain security company Cyvers confirmed the hack. Cyvers reported that the attacker is converting the stolen funds to Ethereum (ETH).
“Our system detected a series of suspicious transactions related to UwU Lend.
The attacker conducted 3 transactions, obtaining approximately $19.5 million. However, the hack is still ongoing, and the amount could increase. Currently, the attacker is converting the stolen digital assets to Ethereum (ETH).”