Aftermath Finance Suffers $1.1 Million USDC Theft on Sui Network

Aftermath Finance has experienced a security breach on its perpetual contract protocol within the Sui Network. According to Odaily, monitoring by Blockaid revealed that approximately $1.1 million in USDC was stolen over a span of 36 minutes through 11 transactions. Analysis indicates that the vulnerability stemmed from a flaw in the fee accounting system of the perpetual contract liquidation process. This allowed the attacker to artificially inflate synthetic collateral and withdraw funds from the protocol's treasury.