Crypto Price Rallies come and go but some things never change – hacks. The latest victim? Nemo, a yield protocol based on SUI blockchain.
The Protocol fell victim of an utilization of $ 2.4 million Monday, which emphasized sustained vulnerabilities in decentralized funding (Defi) Despite growing institutional adoption of digital assets.
The malicious device stole USDC, the dollar-pegged stableecoin issued by Circle Internet (CRCL)There, the stolen tokens broke from Arbitum to Ethereum, Blockchain Security and Data Analytics Company Peckshield said at X.
Nemo is a defi yield optimization platform built on Sui -blockchain. It allows users to tokenize their benefits by dividing stacked assets into the main tokens (Pt) and dividend mower (Yt) and lets them act, hedge or speculate on future yields.
After the hack, the total value was locked in the Nemo yield, which traded for $ 1.53 million from over $ 6 million, according to Data Source Defillama.
