Crypto News

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

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  • The attacker borrowed around 800 ETH to launch the hack, all withdrawn from Tornado Cash and tunneled to Fantom via Multichain.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.
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