The post UniLend Finance Hack: $197,600 Stolen in Vulnerability Exploit appeared first on Coinpedia Fintech News
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.