Duo Exchange: DETH is designed to always be redeemable 1:1 for ETH in an open position on Duo

Odaily News Duo Exchange posted on the X platform that it has noticed the recent incident in which a whale lost 15,079 fwDETH due to phishing. The attacker dumped DETH, causing the price to temporarily decouple. The official emphasized that DETH is designed to always be exchanged 1:1 for ETH that has been opened on Duo. The protocol itself is safe and still operates as expected. The team is currently closely monitoring the development of the situation and working with the affected parties.