According to PANews, Duo Exchange tweeted that it has noticed recent phishing attacks against some whale users, and more than 10,000 DETH were sold to automated market makers (AMMs), causing the DETH price to decouple.

Duo emphasized that DETH can still be converted to ETH at a 1:1 ratio for open positions, and the Duo protocol itself remains safe and operating normally. The team is currently closely monitoring the situation and working with the affected parties to investigate and track. More information will be released as the investigation progresses.