Zunami Protocol

Zunami Protocol lost $2.16 million in a flash loan attack.

August 13, 2023
Attack Types: 
Flash Loan Attack ,Smart Contract Exploit
Entity Types: 
DeFi ,Yield Aggregator ,Stablecoin
Target Entities: 
Zunami Protocol

Summary # On August 13, 2023, Zunami Protocol, a prominent DeFi platform on Ethereum, was compromised through a sophisticated flash loan attack, resulting in a significant loss of 1,178 ETH, approximately valued at $2.16 million. Central to this exploit was a vulnerability within the platform’s contract that allowed for the manipulation of the UZD token’s balance. By leveraging a flash loan the attacker was able to artificially inflate the value of the UZD token. ...