Scan to download
BTC $72,040.55 +1.30%
ETH $2,193.89 +0.55%
BNB $602.16 +0.04%
XRP $1.34 +0.71%
SOL $83.31 +1.34%
TRX $0.3202 +1.00%
DOGE $0.0926 +0.97%
ADA $0.2525 +1.19%
BCH $445.00 +0.83%
LINK $8.97 +2.36%
HYPE $40.29 +4.76%
AAVE $90.39 -0.20%
SUI $0.9340 +2.75%
XLM $0.1560 -0.31%
ZEC $372.37 +17.05%
BTC $72,040.55 +1.30%
ETH $2,193.89 +0.55%
BNB $602.16 +0.04%
XRP $1.34 +0.71%
SOL $83.31 +1.34%
TRX $0.3202 +1.00%
DOGE $0.0926 +0.97%
ADA $0.2525 +1.19%
BCH $445.00 +0.83%
LINK $8.97 +2.36%
HYPE $40.29 +4.76%
AAVE $90.39 -0.20%
SUI $0.9340 +2.75%
XLM $0.1560 -0.31%
ZEC $372.37 +17.05%

The Solana ecosystem decentralized finance platform Mango was attacked, with potential losses reaching 100 million dollars

2022-10-12 07:49:34
Collection

ChainCatcher news, blockchain auditing company OtterSec tweeted a reminder that the Solana ecosystem's decentralized trading and lending platform Mango is facing a potential $100 million attack, with the vulnerability stemming from the attacker manipulating the value of its collateral. The attacker temporarily inflated the collateral value and then withdrew a large amount of loans from the Mango treasury.

In response, Mango stated that it is investigating an incident where a hacker extracted funds from Mango through oracle price manipulation, and is currently taking measures to have third parties freeze liquidity. As a precaution, Mango will disable deposits on the frontend and will provide updates as the situation develops, also stating that they can be contacted via email to discuss a bounty for the return of funds. (source link)

app_icon
ChainCatcher Building the Web3 world with innovations.