Tuesday, March 28, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News XDai Chain

Deus DAO suffers another flash loan exploit, loses over $16M

by ethozedge
April 28, 2022
in XDai Chain
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter


Deus Finance DAO has suffered another exploit and lost $13.4 million worth of ETH to a hacker less than a month after being hacked in a similar flash loan attack for roughly $3 million.

Deus DAO lost over $16 million to the two attacks

Blockchain security company PeckShield first reported the exploit claiming that although the hacker gained around $13.4 million, the protocol might have lost more.

The @DeusDao was exploited today in https://t.co/USKNHhXeid with ~$13.4M gain for the hacker (The protocol loss may be larger).

— PeckShield Inc. (@peckshield) April 28, 2022

According to PeckShield, the hacker used a flash loan to manipulate the price oracle and inflate the value of DEI. Then the hacker used the inflated DEI as collateral to borrow and drain the protocol. The exploit in March was achieved using the same method.

1/ @deusdao Deus Finance was exploited in https://t.co/bfYCQcz5rZ, leading to the gain of ~$3M for the hacker (The protocol loss may be larger), including 200,000 DAI and 1101.8 ETH

— PeckShield Inc. (@peckshield) March 15, 2022

The hacker initially withdrew 800 ETH from Tornado Cash to imitate the exploit, sending the funds through Multichain into Fantom. After stealing the funds, the hacker paid the flash loan and sent the proceeds to his wallet.

It now appears that the hacker has moved most of the proceeds from the wallet, as only 0.85 ETH was in the wallet as of press time.

Deus team response

In its initial response, Deus Finance DAO has called for calm after revealing that its team was working on it. The protocol claimed that all user funds were safe and no user was liquidated due to the exploit. 

The multichain decentralized derivatives platform also stated that the $DEI peg is restored and that it will provide more updates soon.

The dev team is working on the DEI situation.

1. User funds are safe. No users were liquidated.
2. DEI lending has been temporarily halted.
3. $DEI peg has been restored.

More details to follow.

— DEUS Finance DAO (@DeusDao) April 28, 2022

Its founder, the pseudonymous lafachief, disagreed with how PeckShield described the exploit.

This is not exactly what happened, I will prepare something. https://t.co/7zwuPNdkly

— µ Lafa µ (@lafachief) April 28, 2022

He added that protocol uses “Muon Oracles not onchain,” and the hacker “was able to manipulate VWAP prices of Muon.” He continued that the attacker “basically “faking” swap of ~2M USDC to 100k DEI” and “manipulated the Muon VWAP price with it.”

This is what I know so far:

The attacker used this tx to manipulate muon price:https://t.co/G4hFwIjkBy

Muon is checking for SWAPS inside of solidly pool, we were working on changing that together with muon to add more sources and filter out transactions…

— µ Lafa µ (@lafachief) April 28, 2022

Lossless DeFi, a crypto hack mitigation tool, also offered to help Deus catch the hacker if it was willing to cooperate.

Hey @DeusDao. Our team has looked into this and we believe we can catch the culprit with you. DMed you if you’d like to work together.

— Lossless (@losslessdefi) April 28, 2022

However, some users are concerned about the platform’s security, considering that the same exploit had happened twice in less than a month.

Symbiosis

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits





Source link

Tags: 16Mbitcoin newscrypto analysiscrypto newsDAODEUSEthoz EdgeexploitFlashLatest bitcoin newslatest crypto newsLoanlosessuffers
Share76Tweet47

Related Posts

TMS Network (TMSN) nearly reached the 3 Million Dollar mark! – Cryptopolitan

by ethozedge
March 27, 2023
0

The global community continues to embrace the mainstream adoption of cryptocurrencies. Recent years have seen leading tech companies incorporate crypto...

Euler Financer Hacker Returns Over $101M Worth of Crypto

by ethozedge
March 27, 2023
0

 Euler Finance hacker returns part of the stolen funds to protocol. The hacker behind the theft of nearly $200 million...

EUL Jumps 35% as Euler Finance Hacker Returns Another $100M Worth of Ethereum

by ethozedge
March 26, 2023
0

The hacker behind the largest DeFi exploit of 2023 continues to demonstrate controversial behavior, as this time, they returned the...

8 Best Yield Farming Crypto Platforms in 2023

by ethozedge
March 24, 2023
0

Earning passive income with cryptocurrency is a goal of many crypto investors. This is understandable, since many crypto investors prefer...

Euler hacker offers to negotiate return of funds

by ethozedge
March 20, 2023
0

Ad A hacker who recently exploited Euler Finance is attempting to arrange the return of stolen funds, as seen in...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Polygon announces the launch of open-source zkEVM

March 28, 2023

Ripple Contributes To New Digital Euro Whitepaper By DEA

March 28, 2023

THORChain halts Operations Due To Network Vulnerability Report

March 28, 2023

Disney disbands entire metaverse team – 50 staff jobs cut

March 28, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,075.000.56%
  • ethereumEthereum(ETH)$1,745.371.93%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.09%
  • binancecoinBNB(BNB)$312.41-0.74%
  • usd-coinUSD Coin(USDC)$1.000.01%
  • rippleXRP(XRP)$0.507.94%
  • cardanoCardano(ADA)$0.3598024.78%
  • staked-etherLido Staked Ether(STETH)$1,741.581.86%
  • dogecoinDogecoin(DOGE)$0.0729990.15%
  • matic-networkPolygon(MATIC)$1.071.75%
  • solanaSolana(SOL)$20.373.00%
  • binance-usdBinance USD(BUSD)$1.000.07%
  • polkadotPolkadot(DOT)$5.982.30%
  • litecoinLitecoin(LTC)$87.05-2.38%
  • shiba-inuShiba Inu(SHIB)$0.000010-0.38%
  • tronTRON(TRX)$0.0637551.53%
  • avalanche-2Avalanche(AVAX)$16.631.23%
  • daiDai(DAI)$1.000.82%
  • uniswapUniswap(UNI)$5.732.30%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,101.000.29%
  • chainlinkChainlink(LINK)$6.880.16%
  • cosmosCosmos Hub(ATOM)$11.325.21%
  • leo-tokenLEO Token(LEO)$3.390.17%
  • ToncoinToncoin(TON)$2.04-4.17%
  • moneroMonero(XMR)$155.27-0.91%
  • ethereum-classicEthereum Classic(ETC)$19.983.07%
  • okbOKB(OKB)$42.651.24%
  • stellarStellar(XLM)$0.0958895.50%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$120.911.24%
  • filecoinFilecoin(FIL)$5.412.17%
  • true-usdTrueUSD(TUSD)$1.000.38%
  • AptosAptos(APT)$11.100.10%
  • lido-daoLido DAO(LDO)$2.171.18%
  • hedera-hashgraphHedera(HBAR)$0.0590821.43%
  • quant-networkQuant(QNT)$120.691.23%
  • crypto-com-chainCronos(CRO)$0.0669840.41%
  • nearNEAR Protocol(NEAR)$1.870.75%
  • vechainVeChain(VET)$0.0220940.88%
  • apecoinApeCoin(APE)$4.074.89%
  • ArbitrumArbitrum(ARB)$1.17-2.96%
  • algorandAlgorand(ALGO)$0.2011110.96%
  • internet-computerInternet Computer(ICP)$4.800.68%
  • blockstackStacks(STX)$0.90-1.94%
  • eosEOS(EOS)$1.112.15%
  • the-graphThe Graph(GRT)$0.1335440.48%
  • fantomFantom(FTM)$0.415037-0.10%
  • the-sandboxThe Sandbox(SAND)$0.612.35%
  • elrond-erd-2MultiversX(EGLD)$41.540.86%
  • fraxFrax(FRAX)$1.000.04%
  • decentralandDecentraland(MANA)$0.571.78%
  • aaveAave(AAVE)$70.341.30%
  • tezosTezos(XTZ)$1.080.34%
  • theta-tokenTheta Network(THETA)$0.971.52%
  • immutable-xImmutableX(IMX)$1.053.24%
  • flowFlow(FLOW)$0.921.03%
  • axie-infinityAxie Infinity(AXS)$8.152.44%
  • rocket-poolRocket Pool(RPL)$45.7914.54%
  • neoNEO(NEO)$12.352.18%
  • kucoin-sharesKuCoin(KCS)$8.280.46%
  • paxos-standardPax Dollar(USDP)$1.00-0.18%
  • BitDAOBitDAO(BIT)$0.520.32%
  • havvenSynthetix Network(SNX)$2.341.38%
  • WhiteBIT TokenWhiteBIT Token(WBT)$5.051.52%
  • usddUSDD(USDD)$0.99-0.30%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001210.60%
  • curve-dao-tokenCurve DAO(CRV)$0.901.88%
  • conflux-tokenConflux(CFX)$0.3305424.46%
  • klay-tokenKlaytn(KLAY)$0.2237040.66%
  • gatechain-tokenGate(GT)$4.870.43%
  • optimismOptimism(OP)$2.163.82%
  • bitcoin-cash-svBitcoin SV(BSV)$35.21-1.19%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.60-0.62%
  • mina-protocolMina Protocol(MINA)$0.74-1.44%
  • sapphireSapphire(SAPP)$0.7035.32%
  • gmxGMX(GMX)$74.719.89%
  • dashDash(DASH)$56.000.38%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • chilizChiliz(CHZ)$0.1158371.78%
  • makerMaker(MKR)$679.725.65%
  • huobi-tokenHuobi(HT)$3.57-0.22%
  • bittorrentBitTorrent(BTT)$0.0000011.42%
  • ecasheCash(XEC)$0.0000301.32%
  • iotaIOTA(MIOTA)$0.2037983.19%
  • xdce-crowd-saleXDC Network(XDC)$0.0400341.98%
  • Bitget TokenBitget Token(BGB)$0.385321-0.42%
  • frax-shareFrax Share(FXS)$7.591.76%
  • compound-ethercETH(CETH)$34.971.67%
  • EdgecoinEdgecoin(EDGT)$1.00-0.13%
  • FlareFlare(FLR)$0.04158323.30%
  • pax-goldPAX Gold(PAXG)$1,984.500.61%
  • Tokenize XchangeTokenize Xchange(TKX)$6.131.48%
  • tether-goldTether Gold(XAUT)$1,973.870.46%
  • singularitynetSingularityNET(AGIX)$0.403466-1.18%
  • trust-wallet-tokenTrust Wallet(TWT)$1.11-0.83%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • compound-usd-coincUSDC(CUSDC)$0.0228040.47%
  • mask-networkMask Network(MASK)$5.974.92%
  • osmosisOsmosis(OSMO)$0.803.17%
  • zilliqaZilliqa(ZIL)$0.0264783.03%
  • loopringLoopring(LRC)$0.3441632.22%
  • 1inch1inch(1INCH)$0.502.14%
  • radixRadix(XRD)$0.040784-0.83%
  • render-tokenRender(RNDR)$1.140.83%
  • nexoNEXO(NEXO)$0.731.58%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,867.201.86%
  • kavaKava(KAVA)$0.876.29%
  • cdaicDAI(CDAI)$0.0222421.17%
  • thorchainTHORChain(RUNE)$1.33-0.50%
  • arweaveArweave(AR)$7.921.44%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.28%
  • KaspaKaspa(KAS)$0.02211216.12%
  • btse-tokenBTSE Token(BTSE)$2.361.47%
  • oec-tokenOKT Chain(OKT)$21.37-1.33%
  • zcashZcash(ZEC)$35.950.07%
  • convex-financeConvex Finance(CVX)$4.991.32%
  • dydxdYdX(DYDX)$2.416.93%
  • enjincoinEnjin Coin(ENJ)$0.370780-0.18%
  • casper-networkCasper Network(CSPR)$0.0340820.04%
  • EthereumPoWEthereumPoW(ETHW)$3.341.50%
  • DeFiChainDeFiChain(DFI)$0.53-0.24%
  • fetch-aiFetch.ai(FET)$0.344573-0.36%
  • DogechainDogechain(DC)$0.001787-24.98%
  • basic-attention-tokenBasic Attention(BAT)$0.2402520.30%
  • WEMIXWEMIX(WEMIX)$1.443.45%
  • nemNEM(XEM)$0.0376091.47%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-2.14%
  • ethereum-name-serviceEthereum Name Service(ENS)$12.883.05%
  • Nexus MutualNexus Mutual(NXM)$48.371.24%
  • FLOKIFLOKI(FLOKI)$0.000033-3.28%
  • woo-networkWOO Network(WOO)$0.1898114.54%
  • qtumQtum(QTUM)$3.021.11%
  • Aleph ZeroAleph Zero(AZERO)$1.43-0.70%
  • BeldexBeldex(BDX)$0.0606793.79%
  • theta-fuelTheta Fuel(TFUEL)$0.0511922.74%
  • holotokenHolo(HOT)$0.0017471.53%
  • injective-protocolInjective(INJ)$3.851.87%
  • terra-luna-2Terra(LUNA)$1.271.45%
  • decredDecred(DCR)$19.96-1.17%
  • celoCelo(CELO)$0.606.01%
  • kusamaKusama(KSM)$32.723.62%
  • galaGALA(GALA)$0.0386844.53%
  • ravencoinRavencoin(RVN)$0.024337-0.94%
  • olympusOlympus(OHM)$10.260.16%
  • Gains FarmGains Farm(GFARM2)$7,930.530.00%
  • compound-governance-tokenCompound(COMP)$41.452.06%
  • audiusAudius(AUDIO)$0.2851109.94%
  • MagicMagic(MAGIC)$1.331.13%
  • gnosisGnosis(GNO)$107.451.67%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-4.94%
  • oasis-networkOasis Network(ROSE)$0.0551052.36%
  • yearn-financeyearn.finance(YFI)$8,310.713.97%
  • liquity-usdLiquity USD(LUSD)$1.010.02%
  • balancerBalancer(BAL)$6.733.73%
  • linkLINK(LN)$40.141.26%
  • flex-coinFLEX Coin(FLEX)$2.653.86%
  • AstarAstar(ASTR)$0.058906-0.27%
  • chiaChia(XCH)$37.14-0.95%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ankrAnkr Network(ANKR)$0.0312072.14%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • SSV NetworkSSV Network(SSV)$35.70-2.33%
  • nucypherNuCypher(NU)$0.191888-0.70%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • Access ProtocolAccess Protocol(ACS)$0.008394-2.14%
  • omisegoOMG Network(OMG)$1.773.11%
  • bitcoin-goldBitcoin Gold(BTG)$14.15-8.87%
  • huobi-btcHuobi BTC(HBTC)$27,068.000.50%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.05-2.08%
  • harmonyHarmony(ONE)$0.0192050.26%
  • bloxBlox(CDT)$0.349722-9.57%
  • AstraferAstrafer(ASTRAFER)$1.490.40%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • stepnSTEPN(GMT)$0.3678630.87%
  • iotexIoTeX(IOTX)$0.024457-0.47%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • DAO MakerDAO Maker(DAO)$1.55-1.76%
  • convex-crvConvex CRV(CVXCRV)$0.793.50%
  • escoin-tokenEscoin(ELG)$2.862.14%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • golemGolem(GLM)$0.225245-0.72%
  • justJUST(JST)$0.0251601.07%
  • tether-eurtEuro Tether(EURT)$1.080.64%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • Frax EtherFrax Ether(FRXETH)$1,745.211.89%
  • Gains NetworkGains Network(GNS)$7.236.69%
  • moonbeamMoonbeam(GLMR)$0.356266-1.53%
  • inSure DeFiinSure DeFi(SURE)$0.0080961.02%
  • BlurBlur(BLUR)$0.51-0.70%
  • jasmycoinJasmyCoin(JASMY)$0.0044731.07%
  • ecomiECOMI(OMI)$0.000782-1.17%
  • band-protocolBand Protocol(BAND)$1.693.36%
  • terrausdTerraClassicUSD(USTC)$0.0212580.88%
  • kadenaKadena(KDA)$0.920.52%
  • wavesWaves(WAVES)$2.051.33%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • perpetual-protocolPerpetual Protocol(PERP)$2.92-2.77%