Decentralized finance (DeFi) platform Zunami Protocol has issued a cautionary message advising users against purchasing Zunami Ether (zETH) or Zunami USD (UZD) stablecoins. This warning comes after an attack on the platform's "zStables" pool on Curve Finance.
Zunami confirmed the attack on August 13 via a post on Twitter. The protocol assured users that although the stablecoin pool had been compromised, the collateral remained unaffected. Zunami has initiated an investigation into the incident to assess the extent of the breach.
Security firms PeckShield and Ironblocks both estimate that more than $2.1 million worth of assets were stolen from Zunami's Curve Pool due to concerns related to price manipulation. Zunami Protocol is primarily designed to be a decentralized income aggregation platform, enabling users to earn income through staking stablecoins . The platform's largest stable pool operates on the Curve platform. The attack specifically impacted the Zunami USD stablecoin and Zunami Ethereum.
