Short News View Non-AMP

UniLend Finance Hack: $197,600 Stolen in Vulnerability Exploit

Published by
Sohrab Khawas

SlowMist has reported that UniLend Finance lost $197,600 in a redeem process hack that exposed a vulnerability in it. With that, they had a chance to control the shares and artificially lift the value of the collaterals used as security. This made it possible to misrepresent the attacker’s holdings and facilitated the stealing of funds. Users are encouraged to be on the lookout for future announcements from UniLend concerning the remediation effort. 

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

TRON DAO X Account Compromised in Social Engineering Attack

On May 2, 2025, at 9:25 AM PST, the TRON DAO X account was compromised…

May 3, 2025

Coinpedia Digest: This Week’s Crypto News Highlights | 3 May, 2025

It’s been a week of jaw-dropping headlines in crypto - it’s true when they say…

May 3, 2025

Vitalik Buterin Plans to Streamline Ethereum for a Safer Future

Ethereum co-founder Vitalik Buterin has proposed a five-year plan to simplify Ethereum’s base layer. Titled…

May 3, 2025

TURBO Price Prediction 2025, 2026-2030: Will TURBO Cross $0.10?

Story Highlights The live price of the TURBO token is . TURBO price could claim…

May 3, 2025

Why XRP’s Price Isn’t Reflecting Its True Utility Yet?

XRP is one of the most utility-driven assets in the crypto space. It powers billions…

May 3, 2025

Bitcoin Solaris vs Bitcoin: Mobile Mining App Eliminates Need for Expensive Hardware

For over a decade, Bitcoin has stood as the symbol of decentralized finance. But beneath…

May 3, 2025