Nemo | Crypto

Sui-based yield trading protocol Nemo lost $2.59 million in a Sept. 7 exploit caused by unaudited code deployed without multisignature controls. Sui-based yield trading protocol Nemo lost about $2.59 million due to a known vulnerability introduced by non-audited code being deployed, according to the project. According to Nemo’s post-mortem analysis of the Sept. 7 hack, a flaw in a function intended to reduce slippage allowed the attacker to change the state of the protocol. This function, named “get_sy_amount_in_for_exact_py_out,” was pushed onchain without being audited by smart contract auditor Asymptotic. Furthermore, Asymptotic’s team identified the issue in a preliminary report. Still, the Nemo team admits that its “team did not adequately address this security concern in a timely manner.” Read more

On this SlateCast episode, Nemo.money CEO Nicholas Scott joined CryptoSlate’s Liam “Akiba” Wright and Nate Whitehill to discuss AI-guided investing grounded in verified data. Scott outlined Nemo’s portfolio-insight engine, privacy safeguards, and thematic discovery features, while contrasting progressive UAE regulations with slower UK oversight and highlighting stablecoins’ promise for frictionless settlements. The conversation underscored guidance […] The post Nemo.money’s Nicholas Scott on AI-guided investing, truthful data, and where regulation really leads appeared first on CryptoSlate.