$3 Million in Ethereum and DAI Drained in Latest DeFi Hack: Deus Finance Exploited

In the latest case of a decentralized finance (DeFi) marketplace being targeted by an attack, Deus Finance has lost almost $3 million in DAI and Ethereum tokens. Multi-token decentralized finance (DeFi) marketplace Deus Finance has become the latest victim of an exploit resulting in over $3 million losses in DAI and Ether (ETH). The blockchain security firm PeckShield reported that Deus Finance was exploited, with the attacker swiping around $3 million in DAI and Ethereum (ETH).

This week, a hacker hacked the bilateral OTC derivatives site Deus Financial, exposing another decentralized finance protocol. Another decentralized finance (defi) protocol was breached this week after it was discovered that a hacker exploited the bilateral over-the-counter (OTC) derivatives. According to a Peckshield analysis, a vulnerability allowed the attacker to siphon funds.

In a latest series of DeFi hack, an attacker gained at least $3 million in cryptocurrency by exploiting Deus Finance, including 200,000 DAI and 1101.8 ETH. This incident highlights the ongoing risks within the DeFi space, even as protocols implement security measures. The losses incurred serve as a stark reminder of the vulnerabilities that still exist.

While “TurtleDex, a decentralized finance (DeFi) file storage project on the Binance Smart Chain (BSC), is believed to have pulled a rugpull exit scam yesterday when more than [funds],” isn't related to this Deus Finance incident, it underscores the broader challenges of trust and security in the DeFi ecosystem. Investors are urged to exercise caution and conduct thorough research before engaging with any DeFi platform.