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UwU Lend Reacts to $23 Million Hack, Pauses Protocol and Negotiates with Hacker
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Uwu Lend, a lending protocol founded by Frog Nation’s former CFO Sifu, suffered a $19.4 million loss due to an oracle manipulation attack.
Cyvers first identified the exploit, revealing a sophisticated series of three transactions executed within six minutes. The attackers converted stolen Wrapped Bitcoin (WBTC) and Dai (DAI) into Ether (ETH) after being funded from Tornado Cash.
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