UwU Lend Attacker Converts Stolen Funds Into ETH

According to PANews, the attacker who targeted UwU Lend has converted all stolen funds into Ethereum (ETH) and transferred approximately 5,293 ETH to two addresses for storage. Previously, the DeFi lending protocol UwU Lend had suffered multiple flash loan attacks, resulting in a loss of 19.3 million dollars. The attacker's actions were monitored by Beosin Trace, which reported the conversion of the stolen funds into ETH. The funds were then moved to two separate addresses for safekeeping. This comes after UwU Lend, a DeFi lending protocol, was subjected to several flash loan attacks, causing significant financial damage. The loss incurred by UwU Lend due to these attacks is estimated to be around 19.3 million dollars. The recent actions of the attacker, as observed by Beosin Trace, indicate that the stolen funds have been fully converted into ETH and stored in two different addresses. This incident underscores the risks associated with DeFi lending protocols and the need for robust security measures.