TechFlow News: As DEX projects like Uniswap and SushiSwap continue to gain popularity, users' FOMO toward participating in liquidity mining has been intensifying.
On September 1, security teams including CertiK and PeckShield issued warnings stating that two Sushiswap forks, YUNo Finance (YUNO) and KIMCHI.finance (KIMCHI), had vulnerabilities in their smart contracts. Both projects modified their token issuance logic, introducing malicious backdoors that grant administrators unlimited token minting privileges. This means that once user-driven FOMO inflates the token price, the project team could mint additional tokens for profit.
TechFlow reminds users to carefully assess the security of DeFi projects before investing, including whether they have undergone audits by reputable third-party security firms.
