Duo Exchange Addresses Recent Phishing Incident Impacting DETH Prices

According to Foresight News, Duo Exchange has acknowledged a recent phishing incident that resulted in the loss of 15,079 fwDETH by a large whale. The attacker sold the DETH, causing a temporary price de-peg. The exchange emphasized that DETH is designed to always be redeemable 1:1 for ETH on Duo's open positions. The protocol itself remains secure and continues to operate as expected. The team is closely monitoring the situation and collaborating with affected parties.