Binance Listed DeFi Protocol DEGO Finance Hacked
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Dego Finance, a recently launched decentralized finance (DeFi) project aims to refurbish the rationale and efficacy of non-fungible tokens (NFTs) through an array of fun and clever applications.
Dego Finance hacked!
The site was hacked and the DEGO pair provided by the team was exhausted. Dego Finance has paired with major exchanges such as Binance to close DEGO deposits.
In an official tweet, Dego stated that the hack has been detected and the address providing liquidity on @UniSwap & @PancakeSwap was compromised. It was also learned that DEGO pairs liquidity provided by the team was drained.
The Dego tweet added they have already contacted operation teams @binance, @kucoinco, and @gate_io. They have closed deposits on Dego.
Immediately after the hack news Dego Finance was trading at $3.92, down 7.5%.
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About Author
Parasshuram has been online in various capacities as a pro-blogger, top researcher, and now a senior editor at CoinGape.com. He has over 14 years of experience in the field of online publishing. Mr Shalgar can be reached at
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