After a brief pause, hackers targeting DeFi protocols have reappeared, with Deus Finance as the latest victim.
According to PeckShield data, Deus Finance was hacked, with the perpetrator stealing about $3 million in DAI and Ethereum (ETH). According to the blockchain security firm, the intrusion was caused by a flash-loan manipulation of a price oracle.
On March 15, PeckShield took to Twitter to discuss the latest attack in the decentralized finance industry. This time against Deus Finance, a multi-token DeFi marketplace where users can create synthetic stocks, trading platforms, and other assets.
The assault was ascribed by the security resource to a flash-loan-assisted price oracle that reads the price from the pair of StableV1 AMM – USDC/DEI, causing even normal users to become insolvent!
According to the business, the hacker took 200,000 DAO and 1101.8 ETH, totaling about $3 million in digital assets. However, it warned that Deus Finance’s losses might be substantially greater.
PeckShield also revealed that the attacker used Multichain to send the cash to TornadoCash, a cryptocurrency mixer (previously Anyswap).
On Twitter, the Deus Finance team acknowledged the rumors about the vulnerability shortly after. They stated that the DEI financing deal had been terminated and that neither DEUS nor DEI would be impacted. The team also stated that it would offer updates as the inquiry progressed.