Hackers Steal $15.6 Million From Ethereum-Based Lending Protocol Inverse Finance
Hackers are at it again, and this time an open-source protocol for lending becomes the latest victim. Inverse Finance, a borrowing technology built on top of the Ethereum blockchain, said Saturday that it had been hacked. According to various news reports, the crooks made off with $15.6 million worth of stolen cryptocurrency. The attacker targeted […]
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Deus Finance had acknowledged the exploit on its lending contract and the CEO of the firm was quick to come up with a reimbursement plan. Multi-token decentralized finance (DeFi) marketplace Deus Finance has become the latest victim of an exploit resulting in over $3 million losses in DAI and Ether (ETH).DeFi analytic firm PeckShield took to Twitter to explain the cause and manner in which the funds were exploited. The hackers behind the attack managed to exploit and manipulate price oracle for flash loans, resulting in the insolvency of users’ funds. 1/ @deusdao Deus Finance was exploited....
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