Summary
TLDR: Unizen DeFi protocol hacked, leading to $2 million in losses. Security issues in DeFi space highlighted by recent attacks. PeckShield identified smart contract vulnerability allowing unauthorized access. CEO pledges personal funds to cover 99% of losses. Other DeFi platforms also affected by security breaches, emphasizing need for improved security measures. FBI reports increase in cryptocurrency-related crimes, urging vigilance in the crypto market.
Key Points
1. The DeFi protocol Unizen recently suffered a hack, resulting in approximately $2 million in losses.
2. The incident is part of a growing trend of security issues within the DeFi space, highlighted by several attacks on major platforms, including PlayDapp.
3. Unizen Addresses Smart Contract Vulnerability: In response to the hack, blockchain cybersecurity firm PeckShield identified a critical “external call vulnerability” in one of Unizen’s smart contracts, allowing unauthorized access to execute commands and leading to the theft. The Unizen team has been working to enhance platform security and compensate affected users.