{"id":3048,"date":"2023-08-14T08:54:56","date_gmt":"2023-08-14T08:54:56","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=3048"},"modified":"2023-08-14T08:54:56","modified_gmt":"2023-08-14T08:54:56","slug":"zunami-protocol-hit-by-2-1-million-price-manipulation-hack","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/zunami-protocol-hit-by-2-1-million-price-manipulation-hack\/","title":{"rendered":"Zunami Protocol Hit by $2.1 Million Price Manipulation Hack!"},"content":{"rendered":"

One of the most common incidents these days is hacking attacks<\/strong>. Just a few days after the Curve attack, there was news of an hack attack from Zunami Protocol. Although not as severe as the Curve<\/strong> attack, Zunami users are currently in a state of considerable uncertainty.<\/p>\n

According to the security firm PeckShield<\/strong>, the DeFi yield aggregator Zunami Protocol has suffered an hack attack that will result in losses exceeding $2.1 million<\/strong>.<\/p>\n

On Monday morning, PeckShield disclosed an assault involving two big transactions. PeckShield reported that the hacking of funds from Zunami Protocol occurred through the mixing service Tornado Cash<\/strong>.<\/p>\n

Following PeckShield’s warning, the Protocol stated, “zStables seems to have faced an attack.”‘ However, they added that the collateral is safe and the team has started investigating.<\/p>\n

You might like: Polygon-based Y00TS NFTs to Move to Ethereum<\/strong><\/a><\/p><\/blockquote>\n

Zunami Protocol Price Manipulation Attack<\/h2>\n

In a tweet, the security company pointed out that the Zunami Protocol hack exploited a price manipulation issue, which could be further leveraged through donations to inaccurately calculate the price.<\/p>\n

Xian Yu<\/strong>, the founder of SlowMist<\/strong>, said today that their firm detected the security vulnerability two months ago. This project fell victim to price manipulation attacks, suffering losses exceeding $2.1 million. Yu, also known as Cos, emphasized, “What’s crucial is our system identifying this risk two months ago and them informing us proactively.”<\/p>\n

\n

You can share your opinions in the comments about the topic. Also, follow us on\u00a0Telegram<\/strong><\/a>,\u00a0Twitter<\/strong><\/a>, and\u00a0YouTube<\/a><\/strong> for more content like this.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the most common incidents these days is hacking attacks. Just a few days after the Curve attack, there was news of an hack attack from Zunami Protocol. Although not as severe as the Curve attack, Zunami users are currently in a state of considerable uncertainty. According to the security firm PeckShield, the DeFi<\/p>\n","protected":false},"author":2,"featured_media":3049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[727,730,93,938,935,377,934,936,937],"class_list":["post-3048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-curve-finance","tag-curve-finance-hack","tag-defi","tag-defi-hack","tag-hack-attack","tag-tornado-cash","tag-zunami-protocol","tag-zunami-protocol-hack","tag-zunami-protocol-hack-attack"],"yoast_head":"\nZunami Protocol Hit by $2.1 Million Price Manipulation Hack! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Zunami Protocol falls prey to a $2.1M price manipulation hack attack, highlighting security vulnerabilities in DeFi platforms\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/zunami-protocol-hit-by-2-1-million-price-manipulation-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zunami Protocol Hit by $2.1 Million Price Manipulation Hack! 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