DeFi Project Dego Finance Hacked: Exploiters Reportedly Drain Over $10M

📆 2022/02/10 22:35:00

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📆 2022/02/10 22:35:00
📰 Crypto_Potato

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Boundless opportunities come with risks, and DeFi is no exception. This time, the cross-chain DeFi and NFT tool - Dego Finance - was at the receiving end.

Boundless opportunities come with risks, and DeFi is no exception. This time, the cross-chain DeFi and NFT tool – Dego Finance – was at the receiving end.

Dego Finance was hacked on February 10. Shortly after, it joined forces with prominent cryptocurrency exchanges such as Binance, Kucoin, and Gate.io to close deposits of its native governance and equity token, DEGO. The protocol also urged Uniswap, Poloniex, PancakeSwap, WazirX, etc., to do the same to mitigate the losses.that its own address providing liquidity on popular decentralized exchanges – Uniswap and PancakeSwap – was compromised.

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