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BTCC / BTCC Square / Global Cryptocurrency /
Nemo Protocol on Sui Network Hit by $2.4M USDC Hack

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

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-09-08 12:15:02
0
BTCCSquare news:

Nemo Protocol, a yield trading platform built on the Sui blockchain, has been exploited for $2.4 million in USDC. The attacker Leveraged vulnerabilities to drain funds, then obscured the trail by bridging stolen assets from Arbitrum to Ethereum via Circle's cross-chain infrastructure.

The breach underscores persistent security gaps in decentralized finance, even as institutional adoption grows. Sophisticated cross-chain money movements now complicate recovery efforts, highlighting the need for robust safeguards in smart contract design and protocol monitoring.

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