Decentralized finance protocol UniLend Finance experienced an exploit on Ethereum, resulting in a loss of approximately $197,000 worth of assets. The attacker manipulated a flaw in UniLend's share price calculation, artificially inflating collateral value and draining funds from the pool. They deposited collateral, borrowed from the pool, and redeemed their initial deposits without repaying the borrowed tokens. UniLend Finance has not yet addressed the exploit. The DeFi sector has been a target for bad actors, with about 60% of exploits and scams in 2024 targeting this sector.



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