UwU Lend hit with second 37m hack from familiar perpetrator
UwU Lend, a decentralized finance protocol on the Ethereum network, has fallen victim to yet another exploit by the same attacker, resulting in the loss of $3.7 million in stolen funds.
The hacker targeted various liquidity pools within UwU Lend, including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT, draining them of $3.7 million worth of assets. All the stolen funds have been converted to ETH and are currently stored in the attacker’s wallet, as reported by Cyvers Alerts.
An individual known as @CryptoEvgen pointed out that the attacker used funds from the initial hack to carry out this latest attack. The exact cause of the breach remains unknown, and UwU Lend has not issued any public statements regarding the incident.
This incident comes on the heels of UwU Lend losing $20 million in a previous attack described as “sophisticated.” The attacker reportedly leveraged Curve LlamaLend as the exit liquidity for the attack.
UwU Lend, founded by Michael Patryn, also known as Omar Dhanani or “0xSifu,” offers lending, borrowing, and staking services based on the open-source AAVE v2 code. Users of the platform can earn platform revenues through the native token, UwU.
In related news, the founder of Frax Finance has accused a “serial scammer” of hacking an X account.
