Decentralized finance (DeFi) protocol Deus Finance has lost over $6 million due to a security breach on its stablecoin DEI (DEI). The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on May 5, according to blockchain security firm PeckShield.
A bot initiated the hack on the BSC, which led to a more than $1.3 million loss. The attacker also targeted the Arbitrum network, with ARB/ETH deployments losing over $5 million. Twitter users claimed the token contract had a basic implementation error as the root cause.
