UwU Lend Suffers $3.7M Exploit in Second Attack within Two Days

Decentralized finance protocol UwU Lend has suffered another exploit, resulting in a loss of $3.7 million in stolen funds. This incident marks the second attack on the Ethereum-based lending and liquidity protocol within a span of two days.

According to data, the hacker drained $3.7 million in liquidity from pools including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT. All stolen assets have been converted to ETH and are currently held at the attacker’s address.

@UwU_Lend has suffered another security breach by the same attacker! Total loss: $3.7M Affected pools: uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, uUSDT.

An X user under the alias @CryptoEvgen noted that the hacker used funds stolen during the first hack for this new attack. The cause of the latest incident remains unclear, and UwU Lend has yet to make a public statement on the matter.

The recent attack comes just two days after UwU Lend lost $20 million in crypto during a sophisticated attack. The attacker seemingly utilized 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. The platform shares revenues with users through its native token, UwU.

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