Nemo: $2.59 million in asset losses stem from launching new features in under-audited circumstances
Source: BlockBeats
Time: 2025-09-11 10:47:39
According to BlockBeats, on September 11, Sui Eco DeFi protocol Nemo released an accident report saying that it was exploited by the attacker due to a security vulnerability in the function in the contract, causing about US$2.59 million in asset losses. The attack originated from developers launching new features without sufficient audit and not fixing known risks in a timely manner. The main funds are transferred to Ethereum through a cross-chain bridge. The core functions of the protocol have been frozen, the vulnerability patch has been submitted for emergency audits, and the team is developing user compensation and asset tracking plans. Previous news, the Sui Eco DeFi protocol Nemo was attacked and lost about US$2.4 million. The attacker has crossed USDC from Arbitrum to Ethereum via Circle.