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CryptoIntelligence 2024-03-13 02:52:00

Unizen DeFi Platform to Reimburse Users Following $2.1 Million Hack

Unizen DeFi Platform to Reimburse Users Following $2.1 Million Hack

In a recent turn of events, the Decentralized Finance (DeFi) platform Unizen has suffered a significant security breach, leading to a loss of approximately $2.1 million in user funds. The compromise was initially detected on March 9 by PeckShield, a blockchain analytics company, which identified an “approve issue” resulting in the drain of over $2 million. PeckShield’s discovery prompted them to advise users to revoke their platform approvals immediately to prevent further losses. Additionally, SlowMist, another security firm, confirmed the total losses to be around $2.1 million, revealing that the attacker had exchanged the stolen Tether for Dai, a stablecoin.

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