Deus Finance DAO has suffered another exploit and lost $13.4 million worth of ETH to a hacker less than a month after being hacked in a similar flash loan attack for roughly $3 million.
Deus DAO lost over $16 million to the two attacks
Blockchain security company PeckShield first reported the exploit claiming that although the hacker gained around $13.4 million, the protocol might have lost more.
The @DeusDao was exploited today in https://t.co/USKNHhXeid with ~$13.4M gain for the hacker (The protocol loss may be larger).
— PeckShield Inc. (@peckshield) April 28, 2022
According to PeckShield, the hacker used a flash loan to manipulate the price oracle and inflate the value of DEI. Then the hacker used the inflated DEI as collateral to borrow and drain the protocol. The exploit in March was achieved using the same method.
1/ @deusdao Deus Finance was exploited in https://t.co/bfYCQcz5rZ, leading to the gain of ~$3M for the hacker (The protocol loss may be larger), including 200,000
We współpracy z: https://cryptoslate.com/deus-dao-suffers-another-flash-loan-exploit-loses-over-16m/
