Deus Finance Exploited Twice in Two Months, Over $13 Million Stolen

Paxful
Attacker Steals $11M Worth of Crypto
Blockonomics



Blockchain security company PeckShield reported that Deus Finance was exploited for about $13.4 million earlier today. This comes just a few months after the protocol fell victim to a similar hack.

PeckShield took it to Twitter to provide more details on the latest DeFi attack. In it, the hacker went via a familiar route by using a flashloan-assisted manipulation of price oracle that “reads from the StableV1 AMM – USDC/DEI pair.”
The attacker managed to manipulate the price of collateral DEI and used it to borrow and drain the pool.
Overall, the unknown hacker managed to steal about $13.4 million worth of digital assets. However, PeckShield warned that the losses for the protocol could be significantly higher.
The attacker borrowed around 800 ETH to launch the hack, all withdrawn from Tornado Cash and tunneled to Fantom via Multichain.
The hacker’s address currently shows that they have swapped the stolen funds for ETH and have sent them back to Tornado Cash.

CryptoPotato reported in mid-March when Deus Finance was exploited for the first time. The attacker in that incident used an identical approach, but the stolen amount was a lot smaller – around $3 million in DAI and ETH.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

bybit

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.





Source link

Bitbuy

Be the first to comment

Leave a Reply

Your email address will not be published.


*