UwU Lend Hacker Swapped Stolen Funds to ETH and Transferred to Two Addresses
CryptoNewsTerminal Staff10 Jun, 2024
UwU Lend Hacker Swapped Stolen Funds to ETH and Transferred to Two Addresses
Stolen Funds Swapped and Transferred The hacker behind the recent attack on the DeFi protocol UwU Lend has moved swiftly to swap the stolen funds to ETH. According to Bios Alert, the hacker swapped all of the stolen funds to 5293 ETH three hours ago and transferred them to two addresses. This move suggests that the hacker is attempting to distance themselves from the stolen funds and make them harder to track. Investigation Ongoing Authorities are still investigating the UwU Lend hack. It is not yet clear how the hacker was able to steal the funds or what their motivation was. However, the fact that they have already swapped the stolen funds to ETH suggests that they are experienced and have a plan for how to cash out the proceeds. Security Concerns The UwU Lend hack is a reminder of the security risks associated with DeFi protocols. While DeFi protocols offer many benefits, they are also a target for hackers. It is important for users to be aware of the risks and take steps to protect their funds.
