Blockchain safety firm PeckShield reported that Deus Finance was exploited for about $13.4 million earlier immediately. This comes only a few months after the protocol fell sufferer to an analogous hack.
PeckShield took it to Twitter to offer extra particulars on the most recent DeFi assault. In it, the hacker went by way of a well-recognized route through the use of a flashloan-assisted manipulation of worth oracle that “reads from the StableV1 AMM – USDC/DEI pair.”
The attacker managed to govern the value of collateral DEI and used it to borrow and drain the pool.
Overall, the unknown hacker managed to steal about $13.4 million price of digital belongings. However, PeckShield warned that the losses for the protocol may very well be considerably larger.
The attacker borrowed round 800 ETH to launch the hack, all withdrawn from Tornado Cash and tunneled to Fantom by way of Multichain.
The hacker’s deal with presently exhibits that they’ve swapped the stolen funds for ETH and have despatched them again to Tornado Cash.
2/ The hack is made potential because of the flashloan-assisted manipulation of worth oracle that reads from the StableV1 AMM – USDC/DEI pair. The manipulated worth of collateral DEI is then used to borrow and drain the pool. Sounds acquainted?https://t.co/3uk44CXo78 pic.twitter.com/ng2BYPPOiY
— PeckShield Inc. (@peckshield) April 28, 2022
CryptoPotato reported in mid-March when Deus Finance was exploited for the primary time. The attacker in that incident used an similar method, however the stolen quantity was so much smaller – round $3 million in DAI and ETH.
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