Deus token struggling, following a hack attack on its stablecoin DEI

Because of a hacking attack, the Decentralized Finance (DeFi) protocol DEUS lost $6 million. 

DEUS is a decentralized bilateral OTC derivatives platform that provides unlimited exposure to the global markets for users & developers. 

On 5 May 2023, DEUS Finance faced a hack attack because of a vulnerability in its stablecoin DEI. The hacker targeted BNB Smart Chain (BSC)  as well as the Arbitrum network. Through the hack attack, the hacker succeeded to grab $6.3 million.

Few people claimed that the hacker succeeded to attack because of a basic token implementation error. 

Crypto security platform Peckshield reported that the hacker used a bot to conduct his attack against the vulnerability. 

Hi @DeusDao: it appears to be a pubic burn vulnerability with loss > $1.3M alone at BSC. The ARB/ETH deployments are also affected.

The BSC hack was successfully frontrun by a bot: https://t.co/hXskQOIfwV

The DEI token @ BSC was upgraded on Apr-10-2023 https://t.co/QJHwnZaXMk pic.twitter.com/C51CnVsg1B

— PeckShield Inc. (@peckshield) May 5, 2023

The DEUS finance team urged people not to interact with any DEI protocol, until the post mortem of the whole incident. 

We will follow up with a Post Mortem and formulate a recovery plan in the upcoming days.
Until then, we ask you to stay patient and not interact with any DEI contracts.

— DEUS (@DeusDao) May 5, 2023

Today, the DEUS finance team confirmed that they are open to giving 20% of the stolen money as a reward to the hacker, and that the team will not initiate any legal action against the hacker, if the hacker will release 80% of the stolen funds.

https://t.co/KOOVCgJ9Gq

We want to officially declare that:

1. we will not pursue any legal actions if funds are returned against the entity controlling the following addresses:
0xdf61022837de1126488ed80f179eedd7af9cb465
0x08e80ecb146dc0b835cf3d6c48da97556998f599
Which…

— DEUS (@DeusDao) May 6, 2023

So far, the hacker failed to respond on this matter & people are expecting that the Deus platform will probably get nothing in this situation because of the very soft stance against the hacker. 

Deus token price action

Deus is the native token of DeusDao & the current trade price of this token is $44.24. The price graph of this token is clearly showing that the token is struggling badly to again reach the $60 trade price. 

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