UwU Lend Protocol Hacked Again for $3.72 Million

On June 13, the DeFi liquidity protocol UwU Lend was hacked for the second time in a week by the same attacker, according to experts from SlowMist.

?SlowMist Security Alert?

We have detected that @UwU_Lend has suffered another loss of $3.72M.https://t.co/ttLSq0m18u

As always, stay vigilant! pic.twitter.com/6tz2e5NDwx

— SlowMist (@SlowMist_Team) June 13, 2024

The damage amounted to $3.72 million in various assets. At the time of writing, the stolen funds remain in the hacker’s wallet after being converted to Ethereum.

?ALERT?Hey @UwU_Lend, you are being targeted again by same hacker!

Look at this trx: https://t.co/RstdittKpK

More info will follow!

Want to keep your company off our alerts radar? Learn how to secure your assets: Book a Demo ? https://t.co/uUbFkFTp4h#CyversAlert pic.twitter.com/mMMTByHNkK

— ? Cyvers Alerts ? (@CyversAlerts) June 13, 2024

The creator of UwU Lend is Michael Patryn, co-founder of the defunct cryptocurrency exchange QuadrigaCX, known by the pseudonym 0xSifu. Neither he nor the protocol team has commented on the new incident yet.

Earlier on June 10, UwU Lend was hacked for $19.3 million. The protocol’s operations were suspended a few hours after the attack.