The Nemo Protocol on the Sui blockchain suffered a $2.4&nbsp;million exploit. The <button class="define-target" id="defi">defi</button> yield infrastructure protocol acknowledged the theft shortly after, explaining they had paused the protocol <button class="define-target" id="smart-contract">smart contracts</button> as they investigated the theft. It appears the thief was able to <button class="define-target" id="oracle-manipulation">manipulate</button> a price oracle, siphoning $2.4&nbsp;million in USDC from the project. They then <button class="define-target" id="bridge">bridged</button> the funds from Arbitrum to Ethereum.

"Sui-based Nemo Protocol exploited for $2.4 million"