TechFlow News — Neko Network, a lending protocol on Binance Smart Chain (BSC), reported that it has been attacked. The attacker exploited a vulnerability in the protocol to collateralize assets and initiate loans under users' names, then directly sent the borrowed funds to their own address. The lending function of Neko Network has been suspended and all asset pools have been frozen to prevent further attacks. Due to a time-lock mechanism, users must wait 24 hours before the pools are unlocked and withdrawals become possible. Neko Network is a product developed by the team behind Maze Protocol, a zero-interest rate money market protocol.
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