Cryptocurrency
[loss] $3M+
"Deus Finance exploit: Hackers get away with $3M worth of DAI and Ether"
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
- 2022-03-15 Breach occurred
- 2022-03-15 Publicly disclosed