Short News
  • Qadir AK
    author-profile
    Qadir AK right arrow
    Author

    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

    • author facebook
    • author twitter
    • linkedin
  • Less than a minute

Nemo Protocol on Sui Network Hit by $2.4M USDC Hack

Nemo Protocol, a yield trading platform on the Sui blockchain, suffered a $2.4 million hack. The attacker exploited vulnerabilities to steal USDC stablecoins, moving the funds across networks by bridging them from Arbitrum to Ethereum through Circle. This cross-chain move makes tracking and recovery more difficult. The attack highlights ongoing security risks in DeFi despite increased adoption, reminding users and developers of the need for stronger protections in decentralized finance platforms.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Show More
Back to top button