Nemo: Asset loss attacks reach $2.59 million due to new features without adequate audit
Source: CoinWorld
Time: 2025-09-11 10:41:48
According to Bijie.com, Nemo is a DeFi protocol on Sui, which released an incident report saying that security vulnerabilities in the flash_loan and get_sy_amount_in_for_exact_py_out functions of the contract were exploited by the attacker, resulting in about $2.59 million in asset losses. The attack stems from developers launching new features without adequate audits and failing to address known risks in a timely manner. Most of the funds were transferred to Ethereum through the cross-chain bridge. The core functionality of the protocol has been frozen and patches against these vulnerabilities have been submitted for emergency audits. The team is developing user compensation and asset tracking plans.