MetaTrust has issued a statement on platform X, shedding light on the recent cyberattack that targeted UwU Lend. The lending protocol has been temporarily suspended as a precautionary measure. The hacker exploited 60 million uSUSDE, obtained from a previous attack, as collateral to drain the funds pool, leaving only 5 million uSUSDE remaining. MetaTrust has urged users to exercise caution and avoid interacting with the protocol until further notice or to withdraw their assets promptly if possible.

The hacking incident has raised concerns about the vulnerability of digital assets and the need for enhanced security measures to prevent such attacks. MetaTrust's investigation revealed that the hacker utilized stolen uSUSDE as collateral to manipulate the system. This incident highlights the importance of robust security protocols and vigilant monitoring to protect users' assets.

The temporary suspension of UwU Lend's lending protocol aims to prevent further damage and ensure the safety of users' funds. MetaTrust's advisory against supporting SUSDE collateral for UwU Lend reflects their commitment to prioritizing security and mitigating potential risks. Users are advised to remain cautious and avoid engaging with the protocol until official action is taken.

The hacking incident has sparked a renewed focus on the need for improved security measures in the digital asset space. As the industry continues to evolve, it is essential to develop and implement robust security protocols to protect users' assets and prevent such incidents. MetaTrust's swift response and transparency in addressing the issue demonstrate their dedication to ensuring the safety and security of users' funds.

In conclusion, MetaTrust's statement has provided valuable insights into the recent hacking incident affecting UwU Lend. The temporary suspension of the lending protocol and advisory against SUSDE collateral reflect the company's commitment to prioritizing security and protecting users' assets. As the digital asset space continues to grow, it is crucial to develop and implement robust security measures to prevent such incidents and ensure the safety of users' funds.