Sui Ecosystem’s Scallop Addresses Security Incident in Nemo Protocol

The Sui ecosystem has been impacted by a security incident affecting the Nemo protocol, as reported by PANews. The Scallop lending platform recently disclosed that they were made aware of the issue earlier today, which also affected the sCoin pool on Nemo. However, this incident only impacts the Nemo Protocol itself and does not affect Scallop’s pools, which remain secure. Nemo is currently collaborating with a third-party auditing firm to address the vulnerability and is awaiting further updates from the team.