top of page

Deus Finance Stablecoin Contract Exploited For $6 million

Decentralized finance (DeFi) protocol Deus Finance has lost over $6 million due to a security breach on its stablecoin DEI (DEI). The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on May 5th, according to blockchain security firm PeckShield. A bot initiated the hack on the BSC, which led to a more than $1.3 million loss. The attacker also targeted the Arbitrum network, with ARB/ETH deployments losing over $5 million. Deus Finance's $DEI has already lost its peg with the U.S. dollar last year. Its price dropped 30% over the past 24 hours, data from CoinMarketCap shows.


Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!




Comments


bottom of page