Deus Finance was Exploited, Lost 1,101 ETH and 200,000 $DAI
Deus Finance suffered an attack
Deus Finance was exploited on March 15, leading to the gain of ~$3M for the hacker (The protocol loss may be larger), including 200,000 DAI and 1101.8 ETH.
The hack is made possible due to the flashloan-assisted manipulation of price oracle that reads the price from the pair of StableV1 AMM – USDC/DEI, so that even normal users unfortunately lose their money, according to PeckShield.
The initial funds to launch the hack are withdrawn from Tornado Cash and tunneled to Fantom via Multichain. The result gains are tunneled via Multichain and funds are now washed via Tornado Cash.
The Deus Finance team was aware of the current situation and closed the contract. Development team is working to fix the problem and details will be released soon.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Hazel
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Deus Finance was Exploited, Lost 1,101 ETH and 200,000 $DAI
Deus Finance suffered an attack
Deus Finance was exploited on March 15, leading to the gain of ~$3M for the hacker (The protocol loss may be larger), including 200,000 DAI and 1101.8 ETH.
The hack is made possible due to the flashloan-assisted manipulation of price oracle that reads the price from the pair of StableV1 AMM – USDC/DEI, so that even normal users unfortunately lose their money, according to PeckShield.
The initial funds to launch the hack are withdrawn from Tornado Cash and tunneled to Fantom via Multichain. The result gains are tunneled via Multichain and funds are now washed via Tornado Cash.
The Deus Finance team was aware of the current situation and closed the contract. Development team is working to fix the problem and details will be released soon.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
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