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Hacker Steals $13M from  DeFi Protocol Deus Finance DAO

Hacker Steals $13M from DeFi Protocol Deus Finance DAO

The Deus Finance DAO DeFi protocol has been targeted by hackers once again. According to PeckShield, an attacker has stolen $13.4 million in crypto assets from smart contracts, but the project itself “could have lost more.”

An unknown user withdrew about $3 million from the protocol last month, including 200,000 DAI and 1,101.8 ETH. To this end, he used flash loans because the assets obtained in this way allowed him to manipulate the oracle that determines the price in the USDC/DEI pair.

Analysts say a similar attack vector was used on April 28. According to PeckShield:

“The hack was made possible by manipulating a price oracle that reads data from the USDC/DEI pair with an instant loan. The manipulated DEI collateral price was then used to borrow and drain the pool. Sound familiar?.”

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