Deus Finance Hacked: $3 Million stolen after oracle exploit

Share on facebook
Share on google
Share on twitter
Share on linkedin
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.

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.

Dylan Leighton

Dylan Leighton

Dylan Leighton is an composer, music producer, sound designer and mix engineer from the United Kingdom. Making music for over 40 years, he creates music for corporate clients, film and video, and his own personal enjoyment. Writing under the artist name Kalliste, he has composed in just about every genre, from hip-hop to funk to classical.

Leave a Replay

Sign up for our Newsletter

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit