The attacker used flash loans to manipulate the price oracle for one of the project’s stablecoin lending contracts.advertisement
The exploit targeted the project’s stablecoin lending contract. The borrowed cash was used to manipulate the price oracle — a tool that provides price information to the blockchain — for the USD Coin/DEI stablecoin trading pair.
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$3 Million in DAI and ETH Stolen From Deus Finance in the Latest DeFi HackHacks against DeFi protocols have returned after a brief hiatus, with the latest victim being Deus Finance.
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Source: BTCTN - 🏆 531. / 51 Read more »
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