An intruder hacked into Deus Finance and stole $13.4 million
Over $13.4 million worth of cryptocurrency was stolen from the decentralized Deus Finance app. This was reported by cybersecurity experts PeckShield. The hacker managed to artificially inflate the value of some assets, borrow funds within the protocol and make a profit after repayment of the loan.
The Deus Finance platform allows users to engage in lending, futures and options trading. The hacker borrowed $143 million and was able to withdraw $13.4 million; PeckShield said the project's losses could be greater. This is the second hack of the platform in two months. This is a text from site cryptodefix. In March, $3 million was stolen from the project in a similar way.