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

PeckShield detected the exploit on Curve on Aug. 13 at 10:47 UTC, which was confirmed by Zunami about 20 minutes later.Zunami stated that collateral in the Curve pools stay protected and that the concern is now under examination.– Zunami Protocol (@ZunamiProtocol) August 13, 2023

Decentralized financing procedure Zunami Procedure has confirmed it has come across an attack on its “zStables” pool on Curve Finance.Blockchain security firm PeckShield estimates over $2.1 million was stolen from Zumanis Curve Swimming pool on Aug. 13, pegging the make use of to a price adjustment issue. Fellow blockchain security company Ironblocks reached a comparable figure.Hi @ZunamiProtocol Todays hack results in >>$ 2.1 m loss and there are 2 hack txs included: – tx1: https://t.co/jsOmPT62mk- tx2: https://t.co/u7YOvoS0R9It is a price adjustment concern, which can be made use of by donation to incorrectly calculate the price as displayed in the … https://t.co/yqwMVy0pCA pic.twitter.com/OfrDni7KtE— PeckShield Inc. (@peckshield) August 14, 2023

It is currently believed a flash loan rate adjustment attack might have affected Zunamis zETH and UZD.Related: Curve Finance pledges to repay users after $62M hackZunamis zETH and UZD Curve pools have actually been flagged with red exclamation marks on Curve. Source: Curve FinanceZunami is a decentralized profits aggregator procedure that enables users to stake stablecoins for yield, with its biggest stable swimming pools located on Curve. Cointelegraph reached out to Zunami for remark however did not get an instant response.Magazine: $3.4 B of Bitcoin in a popcorn tin– The Silk Road hackers storyThis is a developing story, and additional info will be included as it appears.