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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.

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