The manifestations of cryptographic prices come and go, but some things never change: hacks. The last victim? Nemo, a performance protocol based on the sui block chain.
The protocol was the victim of an exploit of $ 2.4 million on Monday, underlining persistent vulnerabilities in decentralized finances (Defi) Despite the growing institutional adoption of digital assets.
The malicious entity stole the USDC, the dollar pigment stabloin issued by Circle Internet (CRCL)Join the stolen tokens from the referee to Ethereum, said Patchshield, the Blockchain data analysis company, Patchshield, in X.
Nemo is a defi performance optimization platform built in the sui block chain. Allows users to token their performance by dividing assets are (PT) and performance tokens (YT) and allows them to trade, cover or speculate on future yields.
After hack, the total value blocked in Nemo’s yield negotiation joined $ 1.53 million more than $ 6 million, according to the defillion data source.
