DEUS Finance: The Next Generation Multi-Asset DeFi Protocol
The growth in the blockchain industry has been remarkable in recent years, with new innovations transforming the global financial system. Cryptocurrencies have made it possible to make cross-border transactions without intermediaries (Banks) and at low transaction fees. Decentralized finance (DeFi) is another innovative concept that has emerged in recent years with massive potential. DeFi allows […]
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Thursday’s multimillion-dollar decentralized finance breach resulted in the theft of around $13.5 million. DEUS Finance DAO was impacted this time. Deus Finance, a DeFi platform, acknowledged reports that an attacker stole millions of dollars through an unlawful means. CertiK and PeckShield, two blockchain security startups, reported that Deus Finance was the victim of a “flash […]
Another decentralized finance (defi) protocol was breached this week after it was discovered that a hacker exploited the bilateral over-the-counter (OTC) derivatives platform Deus Finance. According to a post mortem Twitter thread published by the security firm Peckshield, Deus lost around $3 million worth of ethereum and the stablecoin DAI. Attacker Steals $3 Million From Defi Protocol Deus Finance via Price Oracle Exploit The crypto community has been conversing about another defi hack after a few reports noted the defi application Deus Finance was siphoned for $3 million in crypto....
Following the fall of TerraUSD, DEI, the algorithmic stablecoin by DEUS Finance, takes a nosedive below 60 cents. As the market continues to mourn over losses on the Terra UST and LUNA debacle, DEI, a stablecoin used as a collateral mechanism for third-party instruments built on the Fantom-based decentralized finance (DeFi) protocol DEUS Finance (DEUS), has failed to maintain its dollar peg, falling below 60 cents on Monday. As the price of DEI hit an all-time low of $0.52, its market capitalization also followed, dropping from almost $100 million to around $52 million. However, despite....
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....
Agave and Hundred Finance have paused operations whilst investigations continue into the exploit. A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance.The attack comes within 24 hours of news breaking of the Deus Finance exploit, where hackers stole over $3 million in Dai and Ethereum from the lending contract platform.Agave’s token, AGVE, dropped by 20 per cent following the attack, according to data from CoinGecko.....