Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
02:30Lending and liquidity protocol UwU Lend has suffered an exploit worth $19.3 million, according to several blockchain security firms includingshows that one wallet managed to siphon a collection of tokens including wrapped ether , wrapped bitcoin and stablecoins before trading the the majority of it out on Uniswap.
It is currently unclear how the exploit took place. UwU Lend has not updated its X page and did not respond to CoinDesk's request for comment. UwU Lend is a lending protocol set up by Quadriga CX founder Michael Patryn, who goes by the moniker"Sifu." Patryn endured a turbulent period before releasing UwU Lend. Quadriga CX collapsed and soon after an address linked to Patryn transferred $5.5 million worth of etherin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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