TechFlow news, on September 11, Nemo, a DeFi protocol on Sui, released an incident report stating that due to security vulnerabilities in the flash_loan and get_sy_amount_in_for_exact_py_out functions within its contract, attackers exploited these flaws, resulting in approximately $2.59 million in asset losses. The attack originated from developers launching a new feature without sufficient auditing and failing to promptly fix known risks. The majority of funds were transferred to Ethereum via cross-chain bridges. The protocol's core functions have now been frozen, and a patch for the vulnerability has been submitted for emergency audit. The team is currently developing user compensation and asset tracking plans.
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