Nemo: $2.59 million in asset loss attack stems from launching new features without sufficient audit

Nemo, a DeFi protocol on Sui, released an incident report stating that security vulnerabilities in the flash_loan and get_sy_amount_in_for_exact_py_out functions of the contract were exploited by attackers, resulting in a loss of approximately $2.59 million. The majority of funds were transferred to Ethereum via a cross-chain bridge. The protocol's core functionality has been frozen, and patches have been submitted for emergency audit. The team is developing a user compensation and asset tracking plan.