161
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 platform was hacked on Thursday, February 10, 2022, 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 had 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.
Dear users,
We have just found out that our address providing liquidity on @UniSwap& @PancakeSwap was hacked hence DEGO pairs liquidity provided by the team was drained. We have already contacted operation team @binance , @kucoincom, @gate_io. They have closed deposit on DEGO.
— DEGO (@dego_finance) February 10, 2022
The 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%.
About Dego Finance
Dego Finance incorporates a governance and equity token known as DEGO. The platform is designed to deliver an NFT ecosystem that allows anybody to efficiently issue NFTs and unfurl these for auction, trading, and mining.
It also intends to start a cross-chain layer-2 solution that blockchain projects can use to create more powerful NFT applications.
- Trending
- Price Analysis
- Breaking: Binance Listed DeFi Protocol DEGO Finance Hacked
- Baby Doge To Enter Metaverse Following Its Rival Shiba Inu
- Billionaire Bill Ackman Asks New York Lawmakers to Ease Up Crypto Rules or Lose Innovation
- After NFTs, Gucci Steps Into the Metaverse Buying Digital Real Estate on Sandbox
- Apple To Create New Feature That Integrates Crypto Payments
- Bitcoin Donations for Ukraine Surge in as Border Tensions with Russia Escalate
- XRP Vs SEC: Mystery Behind The Sealed Memos in Ripple Lawsuit
- DogeColony: Play-To-Earn Dogecoin Shoots Up 690% In a Day!
- U.S. Cracks One Of The Biggest Crypto Heists, Arrests Couple For Laundering $4.5 Billion In Bitcoin
- Shiberse: Shiba Inu Announces Metaverse ‘Properties’ Up For Sale/Auction
- Solana Creeps Higher, Looks To Revisit January Highs AT $177.0
- Ethereum Price Analysis: Fibonacci Retracement level 0.618 Triggers Recovery Rally In ETH Coin
- BTC Price Analysis: Death Crossover Brings Nightmares On Satoshi Street; Is This A Buying Opportunity?
- Bitcoin Death Cross Haunting Investors, Will BTC Make or Break?
- DOGE Price Analysis: Highly Influential Bearish Trendline Undermines Bullish Attempts; Buy, Sell Or Hold?
- Terra Price Analysis: Will LUNA Price Bounce Back at 0.382 Fibonacci Retracement?
- SAND Price Analysis: Sandbox Price Losses 50% Retracement Level, Good Time to Buy?
- LINK Price Analysis: Chainlink price reclaims 200-day EMA, Emerging trendline Suggests More Upward Price Movement
- Harmony Price Analysis: Rising Parallel Pattern Could Lead 30% Growth In $ONE Price
- Ripple Price Analysis: XRP Bears Struggle To Breach $0.7 Support Zone, Is A Reversal Next Move?
