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Nemo Protocol Loses $2.59M in Hack 🚨
Crypto-Detective
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Sui-based yield trading protocol Nemo suffered a $2.59 million loss due to a vulnerability in non-audited code deployed on Sept. 7.
Exploit targeted a function meant to reduce slippage (get_sy_amount_in_for_exact_py_out)
Code was pushed onchain without audit by Asymptotic
Single-address deployment allowed unaudited changes without proper verification
#CryptoHack #DeFiSecurity #SuiNetwork
