▼ Bearish
A sophisticated attack on the $NEM token has resulted in the extraction of approximately $822,000.
The perpetrator exploited a critical vulnerability within the smart contract, manipulating the liquidity pool 42 times to artificially inflate prices before siphoning off USDT.
This incident highlights the critical importance of contract security in decentralized finance.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.