Zunami Protocol Hack

Reported loss $2.2M
Ethereum
Price Manipulation Attack

What happened

Zunami Protocol's Ethereum deployment suffered a price-manipulation exploit affecting its zStable system. Verichains identified an LP valuation calculation influenced by SDT token holdings in the MIMCurveStakeDao strategy, which the attacker inflated through a token donation.

Technical root cause

LP valuation depended on a token balance that an attacker could enlarge through a donation. Verichains identified this manipulable calculation in the MIMCurveStakeDao strategy as the basis of the price-manipulation attack.

How it happened

  1. The attacker donated SDT tokens to the affected strategy.
  2. The holdings-dependent valuation calculation treated the enlarged balance as a higher LP value.
  3. The attacker exploited that artificial increase to extract value from the system.

Protocol details

Classification Ecosystem / Yield Aggregator / Oracle Manipulation
Protocol Type Yield Aggregator
Affected asset / contract UZD
Implementation language Solidity
Protocol links Website @ZunamiProtocol

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