OX.FUN: Jefe deposited 1 million USDC for oracle manipulation attack
ChainCatcher news, on February 24, OX . FUN responded on social media, stating that Jefe, who previously deposited 1 million USDC into the platform, conducted a manipulation attack on the oracle.The user completed the initial deposit of 1 million USDC on February 14, 2025, at 05:38:43, and then from February 14, 2025, 05:46:56 to February 14, 2025, 05:57:06, he began to sell JAILSTOOL in large quantities.He set a limit order of over 600,000 dollars at 0.048, and then set another order at 0.045, while the fair market price was 0.05. He traded a total amount of over 300,000 dollars and pushed the market down to below 0.04, until February 14, 2025, at 06:00:00, when he quickly closed his position around 0.034. This behavior clearly violated the service terms of OX . FUN and harmed the interests of other users of OX FUN, so his funds were frozen.Jefe is trying to exert pressure through social media to obtain his criminal proceeds, but these tactics will not work. The platform has contacted Jefe and proposed a plan to compensate for the social media damage, but he rejected the proposal.