UwU Lend Faces Repeated Attacks, Loses $20.8M in ETH, But Repays Bad Debt
The post UwU Lend Faces Repeated Attacks, Loses $20.8M in ETH, But Repays Bad Debt appeared on BitcoinEthereumNews.com.
UwU Lend (@UwU_Lend) has been hit by another attack, losing 1,064 ETH (approximately $3.7 million) just a few hours ago. This follows a series of three attacks two days ago, during which the platform lost a total of 4,907 ETH (around $17.1 million). In total, UwU Lend has suffered losses amounting to 5,971 ETH (approximately $20.8 million) from these incidents. UwU Lend (@UwU_Lend) was attacked by the same hacker again 1 hour ago, losing 1,064 $ETH($3.7M). 2 days ago, #UwULend was attacked 3 times, losing 4,907 $ETH($17.1M).#UwULend lost a total of 5,971 $ETH($20.8M).https://t.co/vJtrYUS396 pic.twitter.com/ZATTzYADhI — Lookonchain (@lookonchain) June 13, 2024 In response to these significant breaches, UwU Lend announced on X that they have successfully repaid all bad debt in the $wETH market. The repayment includes a total of 481.36 $wETH (valued at $1,734,042), which covers all bad debt for the market. Hello UwU Frens! We are happy to announce that all bad debt for the $wETH market has been repaid! A total of 481.36 $wETH ($1,734,042), covering all bad debt for the market, has been paid.• https://t.co/IeMIkaW7cM — UwU Lend (@UwU_Lend) June 13, 2024 Detailed Repayments Made By UwU Lend So far, the repayments made by UwU Lend include:– 3,522,427 $DAI– 233,819 $crvUSD– 4,225,000 $USDT– 481.36 $wETH (worth $1,734,042) The total repayment amounts to $9,715,288. Repaid so far:• 3,522,427 $DAI• 233,819 $crvUSD• 4,225,000 $USDT• 481.36 $wETH ($1,734,042)Total: $9,715,288 𝘛𝘩𝘢𝘯𝘬 𝘺𝘰𝘶 𝘧𝘰𝘳 𝘺𝘰𝘶𝘳 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘥 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘢𝘯𝘥 𝘵𝘳𝘶𝘴𝘵! 💙#FundsAreUwU — UwU Lend (@UwU_Lend) June 13, 2024 The UwU Lend team is actively working to mitigate the impact of these attacks and ensure the platform’s stability. Their swift action in repaying the bad debt demonstrates their commitment to maintaining trust and security for their users. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or…
Filed under: News - @ June 14, 2024 6:12 am