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Deus Finance flash loan exploit nets hacker $13 million

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The multi-chain DeFi protocol suffered a flash loan exploit on Thursday, with the hacker making off with about $13.4 million.

A multi-chain DeFi protocol called Deus Finance DAO suffered a flash loan exploit on Thursday, with the hacker making off with about $13.4 million.

While flash loans are meant for arbitrage trading and improving capital efficiency, hackers have abused them to manipulate DeFi price data feeds — known as oracles — and carry out exploits. In today's incident, the flash-loan assisted manipulation caused DEI's price to increase a lot, PeckShield

 

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