Cryptocurrency
[loss] $10M+
Tweet by PeckShieldAlert
Primary Source ↗Financial Loss
$10.0M
(10,000,000 USD)
Blockchain(s)
Bsc
Incident Details
Hackers drained more than $10 million from the project Dego Finance. This also plunged the value of the project’s $DEGO token by about 78%. Dego claims that the hackers compromised the keys to the address providing liquidity on UniSwap and PancakeSwap. Dego, which is a decentralized finance project, asked the various major exchanges to step in and prevent trading of the token, a type of intervention by centralized exchanges that is precisely what defi is supposed to prevent from happening.
Total loss estimated at $10,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- Dego Finance
Timeline
- 2022-02-09 Breach occurred
- 2022-02-09 Publicly disclosed