Unknown attackers hacked the decentralized platform Nemo Protocol created on the Sui blockchain and stole $2.4 million, reported the blockchain security-focused company PeckShield.
The attack occurred a few days before the scheduled maintenance of the platform, which was planned for the beginning of this week. The Nemo Protocol team stated that the incident affected its market pool, so the operation of the smart contracts has been temporarily suspended. Platform security specialists stated that they are investigating the incident and promised to publish additional information.
Nemo Protocol assured that all user assets held in storage were not harmed. However, many community members complained in the Discord channel that the protocol does not display their assets.
The Nemo platform positions itself as a service for earning yield based on Sui. Little is known about the founder and CEO of the project, Alex Yeung, as he has only appeared online in Q&A sessions (AMA). The Nemo website lacks detailed information about the project team, and the link to the contact information page does not work. The company's profile on LinkedIn states that Yeung works remotely from Shanghai, China — while trading cryptocurrencies is banned in the PRC.
In August, the largest cryptocurrency exchange in Turkey, BtcTurk, was subjected to a hacker attack — the attackers managed to withdraw $48 million from it. The hackers hastily converted the stolen funds into ether. Last year, the credit protocol Radiant Capital suffered from a hacker attack, losing $4.5 million during the breach.
