UwU Lend Suffers Major Hack

June 10, 2024 Tóth Balázs
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Several blockchain security firms, including Arkham, have reported that the lending and liquidity protocol UwU Lend has suffered an exploit worth $19.3 million. UwU Lend, a project initiated by the former CFO of Frog Nation, 0xSifu, is an Aave fork used to support lending of the MIM stablecoin. The hacker managed to steal WETH, WBTC, and stablecoins, selling part of the stolen assets on Uniswap. UwU Lend is currently investigating the cause and plans to offer compensation to affected users.
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