DEUS Finance Hack

TOTAL LOST $17.9M
High Flashloan Price Oracle Attack / Flash Loan Attack fantom

Summarize with AI

Affected Chain fantom Incident surface
Recovered - No recovery reported
All-Time Rank #248 By amount stolen
Protocol Type CDP Target category

Incident Overview

DEUS Finance was exploited through flash loan and oracle manipulation, resulting in a significant loss.

The attacker initiated the exploit by flash loaning 143.2m USDC, which was then swapped to 9.5m DEI via sAMM-USDC/DEI_USDC-DEI, causing an increase in DEI price. 71k DEI was used as collateral to borrow 17.2k DEI from DeiLenderSolidex, and the flash loan was repaid. The attacker was initially funded via Multichain, with the origin of funds coming from an Ethereum address.

After the attack, the profit was deposited back to the same Ethereum address.

The attacker's address:

https://ftmscan.com/address/0x70142852…2a37cb

The transaction behind the attack:

https://ftmscan.com/tx/0x39825ff8…c9c9b5

The Ethereum address where the funds originated and were returned:

https://etherscan.io/address/0x70142852…2a37cb

The Tornado Cash mixer where the stolen funds were deposited:

https://bloxy.info/txs/transfers_from/0x70142852…2a37cb?currency_id=1

Incident Report

Protocol / Project DEUS Finance
Date of Incident
Affected Chain(s) fantom
Attack Technique Flashloan Price Oracle Attack / Flash Loan Attack
Classification Ecosystem / Other
Primary Source View Post-Mortem

Protocol Information

Protocol Type CDP
Affected Token DEI
Smart Contract Language Solidity
Official Website deus.finance/
Protocol Twitter/X @DeusDao
Team Anonymous
Source Code Unverified

Market Context at Time of Hack

Token Categories
Ethereum Ecosystem Polygon Ecosystem Fantom Ecosystem BNB Chain Ecosystem Base Ecosystem

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of flashloan price oracle attack / flash loan attack and Solidity and EVM internals
Capital Required Flash loan capital (borrowed atomically, zero upfront cost)
On-Chain Access Ability to interact with fantom smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in DEUS Finance's contract logic - root cause: ecosystem / other
Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Yes — skilled auditors routinely flag Flashloan Price Oracle Attack / Flash Loan Attack vulnerabilities in code review

If you're auditing a protocol with similar architecture to DEUS Finance, these are the critical security checks that could have prevented this incident (April 2022).

  • Verify all logic paths related to Flashloan Price Oracle Attack / Flash Loan Attack are guarded by proper access controls and input validation - see the Flash Loans Attacks attack class for patterns
  • Audit oracle price feeds for manipulation risks - ensure time-weighted average prices (TWAPs) or multi-source aggregators are used, not spot prices
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

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Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Flash Loans Attacks examples →

Proof-of-Concept Exploits

1 PoC available

Sources & References

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