Cryptocurrency [loss] $10M+

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2022-02-09 [vendor] Dego Finance [chain] bsc
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

  1. 2022-02-09 Breach occurred
  2. 2022-02-09 Publicly disclosed