Dego Finance was hacked on February 10th. Shortly thereafter, we worked with prominent crypto exchanges such as Binance, Kucoin and Gate.io to close deposits on the native governance and equity token DEGO. The protocol also urged Uniswap, Poloniex, PancakeSwap, WazirX, etc. to do the same to mitigate the loss.
Dego Finance Hackers Withdraws $ 10 Million
Dego Finance’s official Twitter handle Claim Unique addresses that provide liquidity on popular decentralized exchanges (Uniswap and Pancake Swap) have been compromised. As a result, the liquidity of the DEGO pair provided by the team has been exhausted.
The DeFi platform also encouraged hackers to step forward and communicate.
“We keep all stakeholders up-to-date on the latest developments and discuss with a reputable security team how to identify hackers and recover losses. Have hackers go out and communicate. increase.”
According to Peckshield, a blockchain security and analytics company, abusers Withdrawal Over $ 10 billion from Dego Finance and GameFi Incubator Cocos-BCX. According to the company’s data, funds have been leaked from 13 addresses belonging to Binance Smart Chain (BSC), Ethereum and Cronos.
Exploiters withdrew over $ 10 million from @dego_finance & @CocosBCX !!
Illegal assets are now here ETH & BSC: 0x118203b0f2a3ef9e749d871c8fef5e5e55ef5c91The list of drained wallets is as follows: pic.twitter.com/xEyjNztAib
— PeckShieldAlert (@PeckShieldAlert) February 10, 2022
DEGO takes a plunge of almost 20%
DEGO, the token of Dego Finance, was hit hard following the hack. In the early hours of Thursday morning, it fell almost 20% from $ 4.50 to $ 3.65.
For beginners, Dego Finance saw the light of day in 2020 and offered both DeFi and NFT tools. It claimed to be an open NFT ecosystem that allows users to create irreplaceable tokens and initiate NFT mining in addition to auctions and transactions.
It also provides a cross-chain infrastructure to facilitate blockchain ventures to expand their user base, distribute tokens and develop more diverse NFT-based apps. In March 2021, Binance announced that it would list its project in the Innovation Zone.
Rug pulls and hacks have continued to disrupt DeFi spaces in recent years. 2021 was a monumental year for DeFi, as well as for the villains of the universe. In fact, last year Ragpur accounted for 37% of all fraudulent revenue, compared to just 1% in 2020. This year too, there is little change as such events continue to be the focus of attention.
CryptoPotato It was recently reported that Pecksheid detected more than 50 potentially suspicious projects on the Binance Smart Chain (BSC).
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