Cryptocurrency News Update: Another Crypto Platform Falls Victim to Hackers! Massive Losses Reported as Attacker Converts Stolen Funds into Ethereum (ETH)!
Arkham Intelligence has reported that the UwU Lend protocol was recently breached, resulting in a significant theft of digital assets.
According to official sources, attackers managed to steal approximately $20 million worth of cryptocurrencies from the platform. The security breach has caused widespread concern within the crypto community.
In addition to Arkham Intelligence, on-chain security firm Cyvers has also confirmed the hack. They revealed that the attacker had successfully converted the stolen funds into Ethereum (ETH), further complicating the situation.
Cyvers stated, “Our monitoring system has identified several suspicious transactions linked to UwU Lend. The attacker conducted 3 transactions, obtaining around $19.5 million in total. The hack is still ongoing, and the amount stolen may increase. Currently, the attacker is exchanging the stolen digital assets for Ethereum (ETH).”
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