Cryptocurrency [loss] $3M+

"Deus Finance exploit: Hackers get away with $3M worth of DAI and Ether"

2022-03-15 [vendor] Deus Finance [chain] fantom
Primary Source ↗
Financial Loss $3.1M (3,096,984 USD)
Blockchain(s) Fantom

Incident Details

Hackers were able to use a flash loan attack to manipulate a price oracle, pulling 200,000 DAI and 1101.8 ETH (totaling almost $3.1 million) out of the Deus Finance defi platform. PeckShield, the analysis firm that identified the vulnerability, wrote that the $3 million number represented the amount the hackers were actually able to withdraw and put through a cryptocurrency tumbler, but that the loss to the project may have been larger. The CEO of Deus Finance subsequently wrote on Twitter that users whose positions were liquidated as a result of the exploit would be repaid.

Total loss estimated at $3,096,984.

Technical Details

Initial Attack Vector
Flash loan attack on smart contract
Vendor / Product
Deus Finance

Timeline

  1. 2022-03-15 Breach occurred
  2. 2022-03-15 Publicly disclosed