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<ul>
 <li>UwU Lend hit twice in a $24M hack spree, losing $20.3M in the first attack and $3.7M in the second.</li>
 <li>UwU offers a $5M bounty for hacker’s ID after a failed repayment deadline.</li>
 <li>$9.7M reimbursed to victims by UwU Lend amidst ongoing security breaches.</li>
</ul>
<p>UwU Lend has experienced a significant security breach, with a hacker stealing $24 million across two separate attacks. The first exploit occurred on June 10, when $20.3 million was lost through a price manipulation attack. Despite UwU’s offer for the hacker to keep 20% of the stolen funds if they returned the remaining 80%, there was no response.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">ALERT<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/UwU_Lend?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@UwU_Lend</a> has suffered another security breach by the same attacker!<br><br>Total loss: $3.7M<br>Affected pools: uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, uUSDT<br>All stolen assets have been converted to <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> and are located at the attacker's address: <a href="https://t.co/9TvwLh18P1" rel="noopener noreferrer nofollow">https://t.co/9TvwLh18P1</a><br><br>To learn… <a href="https://t.co/AjcMS1Cdyl" rel="noopener noreferrer nofollow">https://t.co/AjcMS1Cdyl</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Cyvers Alerts <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CyversAlerts) <a href="https://twitter.com/CyversAlerts/status/1801163462816473466?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 13, 2024</a>
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<p><strong>The Latest Exploit and UwU’s Response</strong></p>
<p>On June 13, the same hacker executed a second exploit, stealing an additional $3.7 million from the protocol’s uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT pools. according to blockchain security firm Cyvers. Cyvers said the two hacks were carried out by the same hacker <a href="https://etherscan.io/address/0x841ddf093f5188989fa1524e7b893de64b421f47" target="_blank" rel="noopener noreferrer nofollow">wallet address</a> “0x841…21f47.”</p>
<p>“The repayment deadline for the funds you stole has passed. 5 Million Dollar bounty to the first person to identify and locate you,” UwU wrote to the hacker in a June 13 <a href="https://etherscan.io/idm?addresses=0x5dd596c901987a2b28c38a9c1dfbf86fffc15d77,0x841ddf093f5188989fa1524e7b893de64b421f47&amp;type=1" target="_blank" rel="noopener noreferrer nofollow">on-chain message</a> after they didn’t transfer 80% of the stolen funds before UwU’s requested deadline — June 12 at 5:00 pm UTC.</p>
<p><strong>Efforts to Recover and Reimburse Victims</strong></p>
<p>Despite these setbacks, UwU Lend has already reimbursed over $9.7 million to victims from the initial exploit. The protocol is determined to restore trust and stability, although the UwU Lend token has dropped by 21% to $2.47 in the last seven days. The team’s immediate focus is on mitigating further damage and ensuring the safety of <a href="https://x.com/UwU_Lend/status/1801115681988939868" target="_blank" rel="noopener noreferrer nofollow">users’ funds</a>.</p>
<p>Nearly $19 billion in cryptocurrencies have been stolen since the first industry hack in June 2011, underscoring the ongoing security challenges within the crypto space.</p>
<h2 class="wp-block-heading" id="h-read-also">Read Also:</h2>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/hacker-returns-465k-gets-bounty-in-allbridge-exploit/" rel="noopener noreferrer nofollow">Hacker Returns $465k, Gets Bounty in Allbridge Exploit</a></li>
 <li><a href="https://cryptonewsland.com/whooping-tvl-of-820m-has-floki-beating-pepe-wif-shib-bonk-and-doge-amidst-bug-bounty-partnership-launch/" rel="noopener noreferrer nofollow">Whooping TVL of $820M Has FLOKI Beating PEPE, WIF, SHIB, BONK, and DOGE Amidst Bug Bounty Partnership Launch</a></li>
 <li><a href="https://cryptonewsland.com/all-stolen-alchemix-funds-returned/" rel="noopener noreferrer nofollow">All Stolen Alchemix Funds Returned; 10% Bounty to Hackers</a></li>
 <li><a href="https://cryptonewsland.com/hacker-returns-life-savings-but-moves-stolen-funds-into-tornado-cash-euler-finance-attack-update/" rel="noopener noreferrer nofollow">Hacker Returns Life Savings but Moves Stolen Funds Into Tornado Cash: Euler Finance Attack Update</a></li>
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<p>The post <a href="https://cryptonewsland.com/uwu-lend-hit-by-24m-in-hacks-offers-5m-bounty-for-hackers-identity/" rel="noopener noreferrer nofollow">UwU Lend Hit by $24M in Hacks, Offers $5M Bounty for Hacker’s Identity</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

UwU Lend Hit by $24M in Hacks, Offers $5M Bounty for Hacker’s Identity

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