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BTCC / BTCC Square / Global Cryptocurrency /
Nemo Protocol on Sui Blockchain Loses $2.4M in Oracle Exploit

Nemo Protocol on Sui Blockchain Loses $2.4M in Oracle Exploit

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-09-08 09:41:02
0
BTCCSquare news:

Nemo Protocol, a lending platform built on the sui blockchain, suffered a $2.4 million security breach due to a price oracle manipulation attack. Blockchain security firm CertiK identified suspicious withdrawals linked to a single wallet address, exploiting faulty pricing data to overdraw collateral.

The incident underscores persistent vulnerabilities in DeFi. Recent days have seen multiple exploits, including an $8.4 million loss at Bunni from a smart contract rounding error and a $13 million phishing scam on Venus Protocol. These events highlight the sector's urgent need for enhanced security measures.

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