November 8, 2024

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Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated

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Zunami Protocol confirms stablecoin pools attacked, .1M loss estimated

Decentralized finance protocol Zunami Protocol has advised users not to buy any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins, after encountering an attack on its “zStables” pools on Curve Finance. 

On Aug. 13,  Zunami confirmed on X (Twitter) that its stablecoin pools had encountered an attack, adding that collateral remains secure as it begins an investigation into the potential exploit. 

Blockchain security firm PeckShield estimates over $2.1 million was stolen from Zumani’s Curve Pool, pegging the exploit to a price manipulation issue. Fellow blockchain security firm Ironblocks arrived at a similar figure.

PeckShield was one of the first to detect the