UwU Lend, a decentralized lending platform, lost a staggering $19.3 million to malicious actors. The blockchain security firm, Arkham, reported the incident, which has left the DeFi community reeling. Although the cause of the hack remains unknown, some users are pointing fingers at the project's founder, Sifu, alleging that he may be behind the attack.

UwU Lend, launched in September 2022 by Michael Patryn, also known as Sifu, offers lending, borrowing, and staking services to users. The platform boasts of never having been hacked since its inception, but this recent incident has raised questions about its security. On-chain data reveals that the stolen funds were transferred across multiple wallet addresses, with one user reporting that the bad actor used Curve LlamaLend as "exit liquidity" for the attack.

The project's developer team has acknowledged the attack and reassured users that they are working to retrieve the stolen funds. However, with no post-mortem report identifying the cause of the attack, some users are suspicious that Sifu may be involved. Sifu's past controversies, including his involvement with the collapsed Canadian crypto exchange QuadrigaCX and his role as treasurer at Wonderland DAO, have raised eyebrows.

The DeFi sector has been plagued by a series of hacks, and UwU Lend's incident is just the latest in a long list. The platform's users are left wondering if the attack was an insider job, given Sifu's checkered past. However, there is currently no evidence to support these claims, and the investigation is ongoing.

As the DeFi community grapples with yet another security breach, it remains to be seen how UwU Lend will recover from this incident. The platform's reputation has taken a hit, and users are waiting with bated breath for further updates on the situation. One thing is certain - the DeFi sector must prioritize security and transparency to prevent such incidents from happening in the future.