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ETH $1,772.73 -2.16%
BNB $578.41 -1.67%
XRP $1.11 -3.23%
SOL $80.80 -2.18%
TRX $0.3312 +0.63%
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ADA $0.1742 -5.88%
BCH $239.19 -2.82%
LINK $7.84 -2.88%
HYPE $69.20 -2.98%
AAVE $90.90 -4.26%
SUI $0.7264 -4.09%
XLM $0.1888 -6.92%
ZEC $478.08 +4.95%
BTC $63,428.18 -1.31%
ETH $1,772.73 -2.16%
BNB $578.41 -1.67%
XRP $1.11 -3.23%
SOL $80.80 -2.18%
TRX $0.3312 +0.63%
DOGE $0.0740 -4.13%
ADA $0.1742 -5.88%
BCH $239.19 -2.82%
LINK $7.84 -2.88%
HYPE $69.20 -2.98%
AAVE $90.90 -4.26%
SUI $0.7264 -4.09%
XLM $0.1888 -6.92%
ZEC $478.08 +4.95%

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)

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