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The initial funds to launch the hack are withdrawn from Tornado Cash and tunneled to Fantom via Multichain.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

CoinCu News

DEI

Deus Finance

ETH

Exploit

hack

Author

Victor

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Scam Alert

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The initial funds to launch the hack are withdrawn from Tornado Cash and tunneled to Fantom via Multichain.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.

We are aware of the recent exploit reports regarding the $DEI lending contract.

Contract has been closed, both $DEUS & $DEI are unaffected. Devs are working on a summary of the events, all information will be communicated once we have assessed the full situation.

— DEUS (@DeusDao) March 15, 2022

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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