Stablecoin Stumble: The Code Bug Led to $6.5 Million Loss on DeuS Finance
ID: 95de98c6-934f-5d51-8a48-be509e6144bd
STIX ID: report--95de98c6-934f-5d51-8a48-be509e6144bd
Feed Name: CertiK Blog
Threat Score
On May 5, 2023 the DEIStablecoin (Deus Finance) was exploited for approximately $6.5M due to a logic bug in the burnFrom implementation that used the allowance mapping in reverse, enabling unauthorized token transfers; the exploit affected the stablecoin product which was outside the scope of a prior CertiK audit of the AMM.
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