Deus Finance Hacked

Deus Finance Hacked: $3 Million stolen after oracle exploit

Yet another DeFi attack has delivered a $3M payday to an attacker. This time a Deus Finance hack has seen an attacker take off with over $3 Million in crypto, with the attacker managing to siphon off both Ethereum and DAI stablecoins from the over-the-counter (OTC) derivatives platform.

A minimum of 200,000 DAI and over 1100 ETH were stolen by the hacker, who managed to pull off the attack my manipulating a price oracle, meaning that normal users of the service suddenly found themselves insolvent too.

How the Deus Finance Hack happened:

Security firm Peckshield explained how the attacker exploited a price oracle to pull off the heist.

This post will be updated as we get further information.

Share on facebook
Share on twitter
Share on pinterest