• Hacking of the decentralized protocol DUES Finance
• It was able to lose almost $13.4million.
• DUES Finance’s tech team is working to repair the damage.

The Fantom-based Decentralized Financial Options Protocol (DUES Finance) is again under attack by hackers. PeckShield reported that the hackers took $13.4 million from their profits.

The @DeusDao was exploited today in https://t.co/USKNHhXeid with ~$13.4M gain for the hacker (The protocol loss may be larger).

— PeckShield Inc. (@peckshield) April 28, 2022

According to the blockchain security and data analytics company, the hackers were able to attack the system by flash loan-assisted control of the price oracle that reads from the StableV1 AMM – USDC/DEI pair. Smart contracts are used to realize that Flash Loan is uncollateralized lending. The pool was then drained by the borrower and the drain of the deflationized price collateral DEI.

800 dollars were taken from Tornado Cash, and tunneled through Multichain’s cross-chain router protocol Multichain to Fantom. After that, the funds were returned to Ethereum and are currently in the hackers’ account.

Wu Blockchain also shared the news, tweeting, “PeckShield said that DEUS Finance, a decentralized derivatives protocol based on Fantom, was attacked, and the hackers made about $13.4 million in profit, while the loss of the protocol could be even greater. The protocol suffered a similar attack on March 15.”

DUES Finance sent a tweet stating that they are working with their technical team to fix the problem.

Our dev team continues to work on DEI.

1. All user funds are secure. 2. Temporarily, DEI lending was halted. The $DEI peg was restored.

Stay tuned for more information.

— DEUS Finance DAO (@DeusDao) April 28, 2022

DEUS Finance was the victim of a similar attack in March 2015. They suffered losses totaling around $3,000,000 including 1101.8ETH and 200,000 DAI. Similar to the recent hack, the attackers manipulated DEUS’s offerings price at the time using a flash loan.

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