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
251
2 min
0
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.
Useful material?
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024
Trends
According to the fund’s analysts, stablecoins with a peg to the US dollar will gain popularity as the main means of settlement
Dec 5, 2024