The decentralised finance (DeFi) protocol UwU Lend fell victim to a significant crypto hack, losing nearly $20 million in digital assets.

The attack, discovered by on-chain security firm Cyvers, escalated rapidly within an hour, surpassing the $20 million mark.

Notably, the hacker utilised funds from the crypto mixing protocol Tornado Cash (CRYPTO:TORN) to execute the exploit, draining various assets like WBTC (CRYPTO:WBTC) and DAI (CRYPTO:DAI).

This incident emphasises the escalating threat landscape in 2024, with hackers targeting vulnerabilities beyond smart contracts, such as private key leaks, contributing to a surge in stolen funds compared to previous years.