Recently launched decentralized finance (DeFi) project Dego Finance has been hacked.
The platform was hacked in the early hours, according to the team’s statements. According to the information obtained, the addresses of Dego Finance, which is a cross-chain NFT+DeFi protocol, providing liquidity to Uniswap and PancakeSwap were hacked and the DEGO pairs provided by the team were emptied. The team collaborated with major exchanges like Binance to cover DEGO deposits after the attack.
In a tweet, the DEGO team stated that the attack was detected and they are working with Kucoin and Gate.io outside of Binance. He also stated that they were in contact. Immediately after the news of the hack, Dego Finance experienced a 10% decline. DEGO was trading at $4.04 at the time of writing, according to Coinecko data.
Stating that they were contacted with the exchanges, the team said that the hacker could not do any more harm, saying, “We will keep all stakeholders updated on the latest developments, and at the same time, we will talk with reputable security teams on how to identify the hacker and how to take the losses. We also want the hacker to contact us,” he said.
#DEGO
We've always been there. Today is a sad day. We are investigating the cause and trying to recover the loss.
-L pic.twitter.com/T7bWKIhzgr— DEGO (@dego_finance) February 10, 2022
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