🚀 Nemo Protocol Suffers $2.4 Million Loss in Sui Network Hack
#NemoProtocol #SuiNetwork #CryptoHack #DeFi #USDC #Arbitrum #Ethereum #Circle #Bridging #Security #Loss #ETH #ARB
According to PANews, the Nemo Protocol on the Sui Network has been targeted by hackers, resulting in a loss of approximately $2.4 million. The attackers transferred USDC from Arbitrum to Ethereum using Circle's bridging service.#NemoProtocol #SuiNetwork #CryptoHack #DeFi #USDC #Arbitrum #Ethereum #Circle #Bridging #Security #Loss #ETH #ARB
🚀 Sui Ecosystem's Scallop Addresses Nemo Protocol Security Incident
#Scallop #NemoProtocol #Sui #sCoin #PANews #Auditing #Hacking #SecurityIncident #CryptoSecurity
According to PANews, the Sui ecosystem's lending protocol, Scallop, has released an update regarding a vulnerability in the Nemo Protocol. The Scallop team reported that earlier today, they became aware of a security incident affecting the Nemo Protocol, which also impacted the sCoin pool on Nemo. However, they clarified that the incident is confined to the Nemo Protocol itself and does not affect Scallop's pools, which remain secure. Nemo is currently collaborating with a third-party auditing firm, and further updates from the team are awaited.
Previously, it was reported that the Nemo Protocol on Sui suffered a hacking attack resulting in a loss of $2.4 million.#Scallop #NemoProtocol #Sui #sCoin #PANews #Auditing #Hacking #SecurityIncident #CryptoSecurity