Key Notes

Nemo Protocol was hacked.

The attacker has already bridged the funds to Ethereum.

The protocol didn’t officially post any data about the suspicious movements.

Nemo Protocol, a yield trading protocol based on the Sui SUI $3.41 24h volatility: 0.8% Market cap: $12.18 B Vol. 24h: $729.40 M network, saw a massive exploit early in the morning on Sept. 8.

According to the on-chain security firm PeckShield, hackers drained $2.4 million in USDC USDC $1.00 24h volatility: 0.0% Market cap: $72.60 B Vol. 24h: $7.83 B from the trading protocol.

#PeckShieldAlert @nemoprotocol on @SuiNetwork has been exploited for $2.4M

The hacker bridged $USDC via Circle from Arbitrum to Ethereum. pic.twitter.com/QSB0ec7TZy

— PeckShie

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