UwU Lend experiences another hack while processing 20M in reimbursements

The UwU Lend protocol, which fell victim to a nearly $20 million hack on June 10, is once again facing a cryptocurrency exploit.
Cyvers, an onchain data analytic platform, has alerted the protocol about the ongoing exploit, linking the attackers to the same group responsible for the previous $20 million hack.
The exploit has already siphoned off $3.5 million from various asset pools, including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT. The stolen assets have all been converted to ETH and are currently held at the attacker’s address: 0x841dDf093f5188989fA1524e7B893de64B421f47.
The initial hack was triggered by price manipulation. The latest exploit occurred just three days after the $20 million incident, with UwU initiating the reimbursement process shortly before the second attack.
The first exploit involved the attacker using a flash loan to manipulate the prices of USDe and sUSDe tokens. By depositing these tokens into UwU Lend, the attacker was able to borrow more than expected, resulting in substantial financial losses for the protocol.
UwU had been in the process of compensating victims of the previous hack and announced on X that they had successfully repaid all bad debts related to the $wETH market, totaling 481.36 $wETH ($1,734,042). In total, the protocol reimbursed $9,715,288 to affected users.
The protocol has identified and addressed the vulnerability that led to the exploit, noting that it was specific to the USDe market oracle. UwU confirmed that the issue has been resolved and that all other markets have been thoroughly reviewed by industry professionals and auditors without any further concerns.
Source: UwU Lend
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