ChainCatcher news, Curve founder Michael Egorov responded on Twitter regarding "the liquidation of 918,000 CRV from his marked address," stating that this portion of CRV was stolen during the UwU Lend hack on June 10. Therefore, in this sense, they are not "real CRV," but rather "receipts for the funds promised to be repaid by Sifu that were hacked."It is reported that the lending protocol UwU Lend was attacked in June this year, resulting in a loss of approximately $3.72 million in assets.

ChainCatcher message, according to PeckShield monitoring, the UwU Lend attacker has transferred 1000 ETH (worth approximately 2.5 million USD) to Tornado Cash.

ChainCatcher news, the DeFi lending protocol UwU Lend announced that it has repaid 4 million CRV (approximately 1.2 million USD) of bad debt. Since the incident on June 10, 2024, a total of approximately 18,453,580 USD of debt has been repaid.

ChainCatcher news, according to monitoring by Shield, the attacker address of UwU Lend has transferred approximately 1000 ETH (about 3.66 million USD) to Tornado Cash.

ChainCatcher news, according to Cointelegraph, Curve Finance (CRV) founder Michael Egorov explained regarding the recent UwU Lend hack that the incident did not exploit Curve Finance itself, clarifying that: "This is not a Curve vulnerability; it is an exploitation of a separate project (UwU Lend)." He explained that the hacker deposited CRV taken from UwU into Curve's LlamaLend platform and then disappeared with the funds, leaving his debt in the system.Egorov emphasized measures to prevent future exploitations, suggesting that UwU Lend re-verify all contracts and collaborate with reputable security auditors in hopes of recovering losses.

ChainCatcher news, according to CoinDesk, Curve founder Michael Egorov's representative stated via Telegram on Friday that the vulnerability of UwU Lend on Monday triggered a series of events that led to significant liquidations at Curve on Thursday. Egorov began to face automatic liquidation of a $100 million loan obtained using Curve's CRV tokens as collateral from various protocols on Thursday, causing the token to drop by 30%, before briefly recovering.Egorov stated, "On April 15, UwU Lend deployed vulnerable code for the sUSDe market, and these markets are not isolated, so the entire platform bore the risk. UwU was hacked, and as part of the cash-out activity, the hacker deposited the CRV stolen from UwU into lending.curve.fi (Llama Lend), then disappeared with the funds, leaving the debt in the system."Egorov estimated that the bad debt in a specific CRV lending pool amounts to $10 million (93% has been repaid). Although this market is completely isolated from other lending pools, as long as bad debt exists, CRV depositors cannot withdraw their funds. However, Egorov mentioned that this situation might help strengthen Curve's security measures and lending mechanisms, potentially providing better services to users in the coming months.

ChainCatcher news, according to The Block, after the attacker failed to return the funds on the UwU Lend platform, the protocol is taking another step to find the hacker. According to the Input Data Message (IDM) on Ethereum, UwU Lend has set up a reward of 5 million USD in ETH for "the first person to identify and locate" the exploiter, adding that "there is no need to recover funds or fees."Previously, the protocol had discussed directly with the exploiter about setting up a bounty. The attacker could keep 20% of what they stole as long as they returned 80%, and if the exploiter complied, the protocol stated it would not pursue the matter further or involve law enforcement.It is reported that the attacker must return the funds by 1 PM (Eastern Time) on Wednesday. However, in a message sent to the attacker on Thursday, UwU Lend wrote, "The deadline for repaying the funds you stole has passed."

ChainCatcher message, Slow Mist posted on platform X stating that UwU Lend has suffered another attack, resulting in a loss of 3.72 million dollars.Earlier news, on June 10, on-chain analysis platform Arkham disclosed on platform X that the DeFi lending protocol UwU Lend may have vulnerabilities, with 19.3 million dollars in funds being transferred from the protocol.

ChainCatcher news, according to monitoring by Shield, 20 million CRV held by Curve founder Michale Egorov has been liquidated on the lending protocol UwU Lend.

ChainCatcher news, UwU Lend announced on social media that all bad debts in the wETH market have been cleared, totaling 481.36 wETH (approximately $1,734,042). A total of $9,715,288 has been repaid so far, which includes:3,522,427 DAI;233,819 crvUSD;4.225 million USDT;481.36 wETH;ChainCatcher previously reported that according to on-chain analysis platform Arkham's disclosure on social media, the DeFi lending protocol UwU Lend may have vulnerabilities, and currently, $19.3 million in funds have been withdrawn from the protocol.

ChainCatcher news, according to analysis by Shield, the fundamental reason for the $19.4 million loss of UwU Lend today due to a hacker attack is a price oracle issue.Specifically, the pricing of the sUSDe asset comes from the median of multiple sources. Among them, five, namely FRAXUSDe, USDeUSDC, USDeDAI, USDecrvUSD, and GHOUSDe, were manipulated during the hacker attack.

ChainCatcher news, according to Cointelegraph, the UwU Lend protocol was hacked today, resulting in a loss of nearly 20 million dollars.Meir Dolev, Chief Technology Officer and co-founder of the on-chain security company Cyvers, stated that the team is still investigating the incident, the attack is ongoing, and the hackers have withdrawn different assets (such as WBTC and DAI) from the pool and converted them to ETH.

ChainCatcher news, according to the on-chain analysis platform Arkham disclosed on social media, the DeFi lending protocol UwU Lend may have vulnerabilities, and currently, 19.3 million dollars in funds have been withdrawn from the protocol.It is reported that UwU Lend is a lending protocol launched by Frog Nation's former CFO 0xSifu. The project is a fork of Aave and supports the lending of the algorithmic stablecoin MIM.

Chain Catcher news, Frog Nation's former CFO 0xSifu (real name Michael Patryn) recently launched a new project, the DeFi lending protocol UwU Lend, which went live on September 21. This project is a fork of the lending giant Aave, and currently, the total locked value is 56.61 million USD, with a token price of 70.21 USD.It is reported that 0xSifu has been identified as a core figure in several scam projects. Previous reports indicate that 0xSifu is actually Michael Patryn, co-founder of QuadrigaCX. The Canadian exchange collapsed in 2019 after its founder Gerald Cotten disappeared with 169 million USD. (The Defiant)