.DeusDao exploited via flashloan manipulation lost $13.4 million, PeckShield reports
PeckShield also described the four exact steps that allowed a hacker or group of hackers to steal the abovementioned funds. First, hackers flashloaned $143 million USDC and swapped them to 9.5 million DEIO by using the sAMM-USDC/DEI_USDC_DEI pair, which made DEI extremely expensive. With only 71,436 DEI as collateral, the hacker could borrow 17 million DEI thanks to the price manipulation and repay the flashloan, while leaving $13 million as hack profits.
The whole exploit is possibly due to issues in the code that mess up the price oracle function responsible for proper
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