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🚨 BREAKING: Scallop Protocol hit by a flash loan exploit on the Sui Network. 📉
Details are emerging of a ~$142K drain targeting the sSUI reward pool via oracle price manipulation. The team has moved quickly to freeze the affected side contract and has committed to covering 100% of user losses to ensure no one is left out of pocket. 🛡️
While the core Scallop lending engine remains secure, this serves as a fresh reminder of the risks in complex DeFi reward structures.
Stay safe and keep an eye on your wallet permissions! 🕵️♂️ #SuiNetwork #Scallop #DeFi #BlockchainSecurity
$BTC $SUI $ETH