ChainCatcher news, the decentralized stablecoin yield protocol Zunami Protocol has completed its angel round financing, with participants including Cream Finance and individual investors such as Curve founder Michael Egorov, Mr. Block, Convex members on Twitter named C2tP and Winthorpe, a Twitter user named Hubirb, as well as other Stake DAO contributors and AladdinDAO core contributor pauls.It is reported that this round of financing will be used for the development and auditing of Zunami V2, which is planned to be launched in November.ChainCatcher previously reported that Zunami Protocol was attacked in August, resulting in a loss of $2.2 million.

ChainCatcher news, according to a tweet from the founder of Slow Mist, Yu Xian, two months ago, Slow Mist detected the risk of price manipulation attacks on the decentralized stablecoin yield protocol Zunami Protocol and privately informed the team in advance, but "unfortunately, it was an unpleasant communication."This morning, Zunami Protocol tweeted that zStables is suspected to have been attacked, but the collateral remains safe, and the team is currently conducting an in-depth investigation. According to Web3 cybersecurity company Ancilia's monitoring, the hackers stole over $2 million in this attack and are currently transferring the funds to Tornado Cash. The root cause of this attack is price manipulation, where the hackers used a flash loan to update the reserve number in the SDT SushiSwap address, which was then used to determine the asset price in the UZD contract.

ChainCatcher news shows that due to the attack event, the stablecoin UZD launched by Zunami Protocol briefly dropped by 96.6%, currently reported at $0.0342057.Earlier today, it was reported that Zunami Protocol was attacked, with losses exceeding $2.1 million. PieShield analysis stated that this is a price manipulation issue that can incorrectly calculate prices through donations.In October last year, Zunami Protocol announced the launch of its native decentralized stablecoin UZD, supported by LP tokens from Curve Finance, Convex, Stake DAO, and Goldfinch.

ChainCatcher news, the stablecoin yield aggregator Zunami Protocol tweeted that zStables has been attacked, collateral is safe, and the team is investigating.According to PeckShield monitoring, Zunami Protocol suffered a price manipulation attack, resulting in a loss of at least $2.1 million. Currently, the stolen funds have flowed into Tornado Cash.