Hackers withdrew $3 million from the Deus Finance protocol
The attack was carried out by manipulating an oracle in an instant loan service
16.03.2022 - 09:00
243
1 min
0
What’s new? Deus Finance DAO, a decentralized protocol, was attacked by an unknown hacker. Using the vulnerability discovered, the attacker withdrew about $3 million from the protocol, the specialists on analytics and blockchain security at PeckShield report.
How was the attack carried out? According to PeckShield analysts, the platform’s instant loan service was used during the attack. The hacker managed to manipulate an oracle that determines the price in the USDC/DEI stablecoin pair. The funds obtained by the attacker were transferred to Ethereum and sent to the Tornado Cash mixer.
The protocol’s representatives confirmed this information and assured users that DEUS and DEI contracts were not affected. The developers will provide full information about the incident later.
Deus Finance is a decentralized financial services marketplace that provides the infrastructure for creating various tools, including platforms for trading stocks, options, and futures.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024