BTC $79,568.50 +1.58%
ETH $2,518.08 +1.86%
BNB $754.76 -0.48%
XRP $1.44 +4.00%
SOL $104.72 +2.00%
TRX $0.3392 +0.40%
DOGE $0.0911 +2.33%
ADA $0.2224 +2.75%
BCH $260.08 +1.94%
LINK $12.48 -1.14%
HYPE $86.61 +3.19%
AAVE $130.43 -0.19%
SUI $0.8262 +1.92%
XLM $0.1906 +0.77%
ZEC $1,240.22 +10.51%
BTC $79,568.50 +1.58%
ETH $2,518.08 +1.86%
BNB $754.76 -0.48%
XRP $1.44 +4.00%
SOL $104.72 +2.00%
TRX $0.3392 +0.40%
DOGE $0.0911 +2.33%
ADA $0.2224 +2.75%
BCH $260.08 +1.94%
LINK $12.48 -1.14%
HYPE $86.61 +3.19%
AAVE $130.43 -0.19%
SUI $0.8262 +1.92%
XLM $0.1906 +0.77%
ZEC $1,240.22 +10.51%

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

2022-10-12 07:49:34

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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