UwU Lend loses $19.3 million in hack

The incident highlights ongoing security vulnerabilities in the DeFi sector, raising concerns about the safety of digital assets on decentralized platforms. On-chain data shows that one wallet siphoned a collection of tokens, including wrapped ether (WETH), wrapped bitcoin (WBTC) and stablecoins, before trading the majority of it out on Uniswap. Please rest assured that we were made aware of the situation immediately and are taking all necessary steps, doing our best here.

Stay tuned for further updates. UwU Lend is based on the open-source AAVE v2 codes and offers lending, borrowing, and staking services. Users receive 100% of platform revenues in the form of a token called UwU.

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