On June 10, Arkham (CRYPTO:ARKM), an onchain intelligence platform, reported that the DeFi lending protocol Uwu Lend (CRYPTO:UWU) may have been exploited, with over $19 million siphoned from the platform.
The exploit involved three suspicious transactions, as noted by security firm Cyvers, which detected the attack in real-time.
The attacker, funded by Tornado Cash (CRYPTO:TORN), swapped the stolen assets into Ethereum (CRYPTO:ETH).
Uwu Lend, launched in September 2022, is a fork of Aave’s (CRYPTO:AAVE) protocol and was created by Michael Patryn, co-founder of the defunct QuadrigaCX exchange.
Cyvers claimed their systems could have prevented the theft if utilised.