Hackers hijack $3 million in DAI and Ether from Deus Finance

DeFi marketplace Deus Finance has been the victim of an exploit that has seen the platform lose $3 million in crypto assets in the form of DAI and Ether ( ETH ).

The DeFi analysis service PeckShield then broke down on Twitter how the funds could be captured. Accordingly, the hackers were able to manipulate a market value oracle for so-called "flash loans" in such a way that the respective assets of the users could be deducted.

Specifically, the attackers modified the rate data of StableV1 AMM – USDC/DAI, which is responsible for setting rate oracles for flash loans.

This allowed a total of 200,000 DAI and 1,101.8 ETH to be stolen from the protocol. The equivalent value of the crypto assets in question is more than 3 million US dollars.

The stolen funds were then debited and obfuscated via coin mixer Tornado Cash and Multichain Protocol (formerly AnySwap).

Deus Finance has now confirmed the hacker attack and has temporarily switched off DAIlending. The market values of the company's cryptocurrencies DEUS and DAI are said not to have been affected by the events so far.

Deus Finance primarily provides DeFi infrastructure for third-party financial products, including, for example, synthetic stocks, options or futures.

Lafayette Tabor, the CEO of Deus Protocol, has already informed the community about his compensation plans on Twitter. The developers of the platform are supposed to set up a new smart contract that will allow damaged users to get their money back. To that end he states :

“We create a contract in which you can repay your DEBT and get your liquidated sAMM repaid. We will also set up a feature that will allow you to exchange some of your DAIfor MUON.”

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