Deus Finance DeFi trading platform has confirmed the theft of 200,000 DAO and 1,101.8 ETH from the platform, as well as other assets worth about $3 million.
Cybersecurity experts from PeckShield reported on Twitter about the Deus Finance hack, which provides customers with services to create synthetic tokens, trading platforms and other financial instruments. The Blockchain Security Agency clarified that the hackers used an instant loan manipulation against a price oracle that reads the price from the AMM StableV1-USDC/DEI pair – causing platform users to become insolvent.
PeckShield specialists have warned that Deus Finance’s losses could be more than $3 million. After a while, Deus Finance confirmed information about the hack using the exploit.
Representatives of the platform clarified that the DEI loan agreement was closed, and “DEUS and DEI were not affected.” Deus Finance promised to provide information on the progress of the investigation into the incident. The DeFi team has not yet announced whether it has contacted law enforcement agencies, whether it is ready to compensate users for stolen assets and in what amount.
Last week, a hacker exploited a smart contract vulnerability in Fantom Fantasm Finance, a decentralized financial service, and withdrew 1,007 Ether (about $2.6 million). At the beginning of the month, the largest platform for the issuance and trading of NFTs based on the Arbitrum Treasure solution was attacked by hackers. In February, the NFT trading platform OpenSea reported that amid the migration of NFTs to a new smart contract, a hacker stole $1.7 million worth of Ethereum and NFTs.
Source: Bits
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