Over $20 million siphoned in new UwuLend exploit
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While Aave has not faced any related major exploit, the hack of UwuLend is a testament to how fragile the broader DeFi security system is. While the current prognosis remains unknown, there are instances of hacks and refunds in the crypto ecosystem. When the Poly Network hack of 2020 took place, the team negotiated a refund with the hacker. With more than $610 million siphoned by the attacker, the entire saga became a celebrated case of Whitehat when a As the UwuLend team and users navigate this disturbing trend, the cautionary note from different industry leaders is now proving to be more resounding.
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