Deus Finance flash loan exploit nets hacker $13 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

F

Gets Listed on KuCoin! Bitgert BRISE BRC20 Have you heard about bitgertbrise it is the new blockchain with the cheapest & fastest transaction speed your crypto project & investors need. .➡➡ Bridge your crypto project to Brise BRC20 & enjoy extremely low gas fee & speed💨

LOL

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Deus Finance Was Exploited for $13.4M on FantomAttackers stole over $13.4 million from DeFi application DeusDao this morning. Here's how they did it. By shauryamalwa DeusDao shauryamalwa The best token is UBXS. DeusDao shauryamalwa watch this to get rich DeusDao shauryamalwa Make sure your platforms are double audited.
Source: CoinDesk - 🏆 291. / 63 Read more »

How Deus Finance Was Exploited for $13.4M on FantomAttackers stole over $13.4 million from DeFi application DeusDao this morning. Here's how they did it. By shauryamalwa DeusDao shauryamalwa The best token is UBXS. DeusDao shauryamalwa watch this to get rich DeusDao shauryamalwa Make sure your platforms are double audited.
Source: CoinDesk - 🏆 291. / 63 Read more »

Ondo Finance raises $20M from Peter Thiel's Founders Fund and othersOndo Finance has raised $20 million from Peter Thiel's Founders Fund and others as it looks to build a decentralized investment bank.
Source: TheBlock__ - 🏆 464. / 53 Read more »