DeFi protocol UniLend Finance exploited for $197,000
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 13 2025UniLend Finance Exploit: UniLend Finance suffered an exploit on Ethereum, resulting in a loss of approximately $197,000 due to an attacker manipulating the redeem process and collateral value calculations.
DeFi Sector Vulnerabilities: The decentralized finance sector continues to be a major target for cyberattacks, with around 60% of all exploits in 2024 aimed at this area, highlighting ongoing security challenges within the industry.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
