BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Zunami Protocol Loses $2.1 Million in Recent Cyber Attack

by Dan K
Aug 14, 2023 - 2:00 pm
in Blockchain
Image depicting a digital representation of the CoinsPaid cybersecurity breach, showcasing symbols of cryptocurrencies like Binance and Ethereum.

Zunami Faces a Hefty Loss

In an unfortunate turn of events, Zunami Protocol, a reputable yield farming aggregator for stablecoin staking, has reported a loss of $2.1 million due to a cyber attack on its zStables pools.

Immediate Response to the Attack

PeckShield, a leading name in blockchain security, was quick to detect the breach on August 13. The firm’s data analysis disclosed a loss nearing $2.1 million. Merely 20 minutes after the revelation, Zunami Protocol confirmed the incident. The attack severely impacted Zunami’s stablecoins, USD stablecoins, and the unique Zunami Ether.

Defining Zunami’s Stance

Zunami Protocol has always positioned itself at the forefront of the DeFi space, serving as a prominent yield farming aggregator. With a DAO designed to offer unmatched APY returns on staking, the company boasts a total TVL (Total Value Locked) of 5 million, as per official records.

The Rising Threat in the Crypto Sphere

This isn’t an isolated event. Over the past six years, there’s been a concerning surge in hacking and cyberattacks targeting the crypto industry. Statista’s reports highlight a startling increase in such incidents, escalating from a mere nine cases in 2017 to a staggering 190 in 2022.

Cybersecurity’s Take on Crypto Malware

Leading cybersecurity corporations like Blackberry have been vigilant and proactive in identifying potential threats. They have spotlighted various malware strains that currently jeopardize the crypto industry. Some of the key malicious software affecting the domain includes SmokeLoader, RaccoonStealer, and Vidar.

Conclusion

The Zunami Protocol incident is a stern reminder of the persistent vulnerabilities in the digital space, pressing the need for robust security measures and vigilance. As the crypto realm continues to expand, safeguarding assets becomes paramount.

Tags: CyberAttackHackZunamiProtocol
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Exterior of the Czech National Bank building representing its new investment strategy including crypto assets

Czech Central Bank Enters Crypto with Coinbase Stake, Expands Palantir Holdings

July 13, 2025

Czech National Bank adds Coinbase to US portfolio, signaling crypto interest, while expanding Palantir stake amid AI investment...

Changpeng Zhao, Binance co-founder, reacts to Bloomberg’s Trump stablecoin claims

Binance’s CZ Threatens to Sue Bloomberg Over Trump Stablecoin Report

July 12, 2025

CZ denies ties to Trump-backed stablecoin USD1, slams Bloomberg report as defamatory, and warns of legal action over...

Donald Trump in front of WLFI crypto charts showing rising token value

Trump’s Crypto Wallet Rises as WLFI Eyes Open Trading and Market Liquidity

July 12, 2025

Trump’s crypto wallet rose 2.5% as WLFI proposed open trading, a move that could unlock billions linked to...

Malta Financial Services Authority building representing crypto regulation leadership

Malta Regulator Assures MiCA Licenses Safe After EU Peer Review

July 11, 2025

Malta’s MFSA says no MiCA licenses are at risk after an EU review, reinforcing the country’s strong stance...

Press Releases

png 115

BTC Miner: Earn $100-$100,000 Daily – The Fastest Growing Crypto Mining Platform of 2025!

June 25, 2025

BTC Miner, the fastest growing platform in 2025, opens a new era of inclusive cryptocurrency mining, allowing everyone to participate...

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise