Nemo DeFi Protocol Loses $2.4 Million in Sui Ecosystem Attack

08/09/2025 14:47

The Sui ecosystem's Nemo DeFi protocol suffered a significant security breach, resulting in a loss of approximately $2.4 million. The attack, which took place on September 8, 2025, involved hackers exploiting the protocol to bridge USDC from Arbitrum to Ethereum using Circle. This incident underscores the persistent vulnerabilities in DeFi protocols and the challenges in safeguarding digital assets against sophisticated cyber threats.

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