Hacker attacked DeFi protocol Dego Finance

An attacker hacked the server and withdrew all the liquidity from the DEGO token

10.02.2022 - 14:15

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2 min

What’s new? The team of DeFi protocol Dego Finance, which specializes in cross-chain compatibility and NFTs, has reported a hacker attack on Twitter. A cybercriminal hacked into the platform’s servers and withdrew all the liquidity from DEGO’s native token.

Dear users,We have just found out that our address providing liquidity on @UniSwap& @PancakeSwap was hacked hence DEGO pairs liquidity provided by the team was drained. We have already contacted operation team @binance , @kucoincom, @gate_io. They have closed deposit on DEGO.— DEGO (@dego_finance) February 10, 2022

What are the details of the hack? The development team quickly discovered and responded to the problem. They contacted most of the exchanges on which their token was traded and asked them to close deposits. The platform’s representatives report:

“We have just found out that our address providing liquidity on UniSwap and PancakeSwap was hacked hence DEGO pairs liquidity provided by the team was drained. We have already contacted operation team Binance, Kucoin, Gate.io. They have closed deposits on DEGO […] So that the hacker cannot make any damage.”

Recall that the Wormhole network has previously lost $300 million for smart contract vulnerability.

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