Nemo Protocol Hit by $2.6M Exploit After Rogue Dev Deploys Code

Nemo Protocol on the Sui Network suffered a $2. 6M exploit after a developer deployed unaudited code, bypassing standard audit procedures. The flaw in a key function allowed system manipulation, prompting the team to pause core functions, patch the code, remove the flash loan feature, add a manual-reset, and design a compensation plan while collaborating with security teams. The post Nemo Protocol Hit by $2 source: https://news.shib.io/2025/09/12/nemo-protocol-hit-by-2-6m-exploit-after-rogue-dev-deploys-code/