This is what happened in cryptography today

Zunami Protocol’s Stablecoin payout platform has suffered a flash loan exploit, with more than $2.1 million in funds stolen, according to blockchain security firms. Meanwhile, the US Securities and Exchange Commission has delayed its decision on ARK 21Shares Spot Bitcoin implementation for exchange-traded funds (ETF) and Worldcoin is now allowing unverified users to hold WLD tokens for 12 months.

Zunami Protocol confirms that stablecoin pools have been attacked, with an estimated loss of $2.1 million

DeFi protocol Zunami Protocol confirmed on August 13 that it had suffered an exploit in its “zStables” pools on Curve Finance.

Blockchain security firm PeckShield estimates that more than $2.1 million was stolen from Zumani’s Curve Pool through a flash loan, affecting both Zumani ETH (zETH) and Zumani USD (UZD).

CertiK, another blockchain security firm, said the attacker was able to manipulate prices on the pairs his UZD balance relies on, exchanging the profits for 1,178 ETH, which had already been sent to the Tornado Cash crypto mixer.

Zunami is a decentralized revenue aggregation protocol that allows users to participate in stablecoins to generate revenue, with the largest stablecoins located on Curve.

The Securities and Exchange Commission is delaying its decision on ARK 21Shares designating a Bitcoin ETF

In a move that surprised quite a few people in the crypto industry, the US Securities and Exchange Commission has delayed its decision on an instant Bitcoin ETF application filed by ARK Investment Management.

The August 11th notice from the SEC opened a 21-day hold period for the ARK 21Shares Bitcoin ETF — an application that was initially filed in May. The securities regulator now has until January 2024 to reach a final decision on whether to approve or deny the application of the spot Bitcoin ETF.

The SEC provided its usual justification for delaying the approval process, noting:

“A high-volume regulated market does not require regulation of the Bitcoin spot market in order for the Commission to approve this proposal, and the precedent shows that the underlying market for a spot commodity or currency being a regulated market would in fact be the exception to the rule.”

As Cointelegraph reported, Cathy Wood, founder of ARK Investment Management, predicted earlier this week that the SEC would eventually approve several spot Bitcoin ETF applications at the same time.

Worldcoin opens WLD reservations for unverified users

Iris-scanning cryptocurrency project Worldcoin has now made it possible for unverified customers to reserve WLD (WLD) tokens.

The Global app now offers a reservations feature to make it easier for everyone to reserve their WLD Tokens before verifying their Global ID, as shown in the image below.

Universal app with booking feature. Source: worldcoin

The Worldcoin project consists of three main components: the global ID, the global application, and the WLD token. Users willing to scan their iris to create an ID system based on biometric data are rewarded with WLD tokens.

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