A Hacker Steals $6M from DeFi Protocol Deus Finance
Main page News, Hacker Attack, DeFi
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May 8, 2023

An unknown attacker has stolen $6 million from decentralized finance protocol Deus Finance by breaching the security of the algorithmic stablecoin DEI.

Analysts at cybersecurity firm PeckShield have reported that last May 5, an attacker used an exploit on the BNB Smart Chain (BSC) and Arbitrum networks.

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The hacker launched a bot on BSC, resulting in a loss of more than $1.3 million. After that, it attacked Arbitrum and withdrew more than $5 million.

Representatives of the protocol have confirmed the incident and announced the suspension of smart contracts.

In addition, the project team has also burned DEI tokens on affiliated chains in order to prevent further damage.

Project representatives have said:

"Users are advised to remain patient and not interact with current DEI contracts until a concrete redemption plan is available."

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