Duo Exchange: It Has Noticed the Loss of 15,079 fwDETH by a Mega Whale, DETH is Designed to Always be Converted 1:1 to ETH for Open Positions on Duo
On October 11th, Duo Exchange tweeted that it had taken note of a recent incident in which a giant whale lost 15,079 fwDETH to phishing, with the attackers selling DETH and causing the price to briefly de-anchor. Officials emphasized that DETH is designed to always be converted 1:1 into ETH for open positions on Duo. the protocol itself is secure and continues to function as intended. The team is currently monitoring the situation closely and working with the affected parties.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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