DEUS hacked Again ❗

Things are not going in very well direction at DEUS as they have been hacked yet again in span of two months. It was 3 million dollars which were lost back then but this time its even more bigger with worth around 13 to 15 million dollars.

Let me explain you how it happens this time : DEUS is a decentralized finance (De-fi) platform where attacker borrowed $143 million in a flash loan and purchased 9.5 million Deus Finance’s stablecoin namely DEI which is pegged to the US dollar. Further on, hacker moved the funds to Tornado Cash to hide the source of payments. Well this increase price of DEI somehow, enabling the attacker to repay the flash loan and earn almost $13 million. ta-da, smooth isnt it?

thoughts ? 🤔

source

Hey btw The Weekly Chat is coming on this sunday. Hope to see you all there 😊