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Sohrab Khawas
Sohrab Khawas
Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he’s trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he’s not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jan 13, 2025 07:49 UTC
- Less than a minute
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.
