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DEGO Finance, Defi Protocol Listed On Binance Hacked This Morning

Dego Finance, a new decentralized finance (DeFi) initiative, intends to reintroduce the reasoning and usefulness of non-fungible tokens (NFTs) through a variety of entertaining and innovative applications.

The site had been hacked, and the team’s DEGO pair was spent. To close DEGO deposits, Dego Finance has partnered with key exchanges such as Binance.

Dego claimed in an official tweet that the intrusion had been discovered and that the address supplying liquidity on @UniSwap and @PancakeSwap had been compromised. It was also discovered that the team’s DEGO pairs liquidity had been depleted.

According to the Dego tweet, operating teams from @binance, @kucoinco, and @gate io have already been contacted. Deposits on Dego have been closed.

Dego Finance was trading at $3.92 on the announcement of the hack, down 7.5 percent.

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