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Stablecoin hack causes $6M loss for DEUS Finance.

Stablecoin hack causes $6M loss for DEUS Finance.

Deus Finance, a decentralized finance (DeFi) protocol, has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain and the Arbitrum network, with CoinMarketCap data showing the DEI price dropping 30% following the security incident. This is not the first time that Deus Finance has been hacked, as the protocol was exploited in March 2022 in a flash-loan attack.

– Deus Finance has lost over $6 million due to a security breach on its stablecoin DEI.

– The hacker exploited a vulnerability in the BNB Smart Chain and the Arbitrum network.

– The DEI price dropped 30% following the security incident.

– Deus Finance was previously hacked in March 2022 in a flash-loan attack.