Dego Finance Hack 2022 — $10M Exploit Analysis

Dego Finance lost $10M when its deployer private keys were compromised, allowing the attacker to drain liquidity pools.

Details

Full Description

An attacker gained access to Dego Finance's deployer private keys and used them to remove liquidity from multiple pools on Ethereum and BSC. The compromised keys controlled admin functions for several Dego Finance contracts. The attack pattern resembled a sophisticated phishing or supply chain attack targeting the team's key management.

Laundering Analysis

Stolen funds converted to ETH and BNB via DEX aggregators. ETH portion deposited into Tornado Cash. BNB moved through BSC mixing services. Dego Finance team disclosed the attack and paused affected contracts. DEGO token price dropped ~30% following the attack. No recovery of stolen funds.

Sources

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