Deus ហិរញ្ញវត្ថុ ឌីអូ is the latest decentralized finance (Defy) platform to be targeted by hackers. This attack is the second to target the platform within the last 60 days.
On April 28, blockchain សន្ដិសុខ ក្រុមហ៊ុន PeckShield រាយការណ៍ that Deus Finance, a Defy project leveraging the Fantom blockchain, had been exploited by hackers. The security firm stated that the attack led to the loss of up to $13.4 million with the bulk of stolen assets being Ethereum (អេហ្វធី) ។
“The hack is made possible due to the flash loan-assisted manipulation of the price oracle that reads from the StableVW AMM – USDC/DEI pair,” read the PeckShield announcement. “The manipulated price of collateral DEI is then used to borrow and drain the pool.”
Flash loans have earned the reputation of being one of the most common ways to attack DeFi platforms after being used in some of the high-profile attacks of 2022. PeckShield’s preliminary report suggested that flash loan was the main method of attack by the hackers.
A total of 800 ETH ($2.2 million) was used to trigger the hack, which was withdrawn from Tornado Cash and sent to Fantom through the MultiChain. At the end of the attack, the stolen funds were converted to ETH and deposited in the hacker’s account.
Source: https://beincrypto.com/deus-finance-dao-hack-13-million-less-than-60-days/