Price Manipulation Attack Exposes Zunami Protocol To $2.1M Loss

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Zunami Protocol, a decentralized finance platform, issued a warning to its users against purchasing its Zunami Ether (CRYPTO: zETH) or Zunami USD (CRYPTO: UZD) stablecoins. This came in the wake of a security breach on its “zStables” pools hosted on Curve Finance. On Aug. 13, Zunami acknowledged the incident on X, formerly known as Twitter, stating, “Its stablecoin pools had encountered an attack.” The company assured users that the collateral is safe while it delves into the nature of the potential security lapse. On-chain sleuthPeckShield approximated a loss of over $2.1 million from Zunami’…

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