Nemo Protocol, a yield buying and selling platform on the Sui blockchain, suffered a $2.4 million hack. The attacker exploited vulnerabilities to steal USDC stablecoins, shifting the funds throughout networks by bridging them from Arbitrum to Ethereum by way of Circle. This cross-chain transfer makes monitoring and restoration harder. The assault highlights ongoing safety dangers in DeFi regardless of elevated adoption, reminding customers and builders of the necessity for stronger protections in decentralized finance platforms.
