Coinbry

  • Market Cap: $2,481,644,640,231.09
  • 24h Vol: $145,024,754,609.42
  • BTC Dominance: 51.80%
Stablecoin hack causes $6M loss for DEUS Finance.

Stablecoin hack causes $6M loss for DEUS Finance.

Deus Finance, a decentralized finance (DeFi) protocol, has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain and the Arbitrum network, with CoinMarketCap data showing the DEI price dropping 30% following the security incident. This is not the first time that Deus Finance has been hacked, as the protocol was exploited in March 2022 in a flash-loan attack.

– Deus Finance has lost over $6 million due to a security breach on its stablecoin DEI.

– The hacker exploited a vulnerability in the BNB Smart Chain and the Arbitrum network.

– The DEI price dropped 30% following the security incident.

– Deus Finance was previously hacked in March 2022 in a flash-loan attack.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.