$3 Million in DAI and ETH hack From Deus Finance

The latest DeFi Hack $3 Million in DAI and ETH hack from Deus Finance.

$3 Million in DAI and ETH hack From Deus Finance

 According to PeckShield, the hacker swiped approx $3 million in DAI and Ethereum (ETH). The blockchain security company stated that the hack was due to a flash-loan manipulation of a price oracle.
 
On March 15 PeckShield took it to Twitter to outline the latest hack in the decentralized finance industry now, it was against Deus Finance - a multi-token DeFi marketplace allowing customers to build synthetic stocks, trading platforms, and other instruments. 

The security resource attributed the attack to a "flash-loan assisted manipulation of price oracle that reads the price from the pair of StableB1 AMM-USDC/DEI, so that even normal users, unfortunately, become insolvent!"

Hacker stole 200,000 DAO and 1101.8 ETH approx $3 million worth of digital assets, it warned that the losses for Deus Finance could be even worse. 

PeackShield also informed that the perpetrator funneled the funds to the cryptocurrency mixer TornadoCash through Multichain.

The team behind Deus FInance confirmed the reports about the exploit on Twitter. They explained that the DEI lending contract has been closed, and "both DEUS and DEI are unaffected."

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