Scallop Mining Pools Safe: Nemo Exploit Leaves USDC, Not Scallop, Unstable

A recent vulnerability affecting the Nemo protocol’s sCoin pool caused a substantial loss of USDC funds. However, this incident has no impact on Scallop’s secure mining pools, which remain unaffected and continue operating normally. 80% of assets are secured in various wallets, including ETH, BTC, and SUI. The team behind Scallop assures users that their operations are safe despite the Nemo protocol’s challenges. While Nemo’s Total Value Locked (TVL) dropped after the exploit, Scallop remains confident in its stability.