Zunami suffered what appeared to be a price manipulation attack today that resulted in over $2.1 million in losses, security firm PeckShield said.
“Please do not buy zETH and UZD at the moment. [Their] emission has been attacked,” Zunami said.PeckShield said in its tweet that the hack was a price manipulation issue, which could be “exploited by donation to incorrectly calculate the price as shown in the following figures.”today that their firm had identified the vulnerability two months ago.
“This project fell victim to price manipulation attacks, resulting in a loss of over $2.1 million. The key point is, our system detected this risk two months ago, and we informed them privately in advance,” said Yu, also known as Cos. “Unfortunately, that communication was an unpleasant experience... In hindsight, it appears that this could have been avoided.”
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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