BTC $64,670.71 +1.01%
ETH $1,912.90 +0.30%
BNB $602.85 -0.61%
XRP $1.00 -0.19%
SOL $77.03 +1.44%
TRX $0.3330 +1.40%
DOGE $0.0702 -0.04%
ADA $0.1750 +0.08%
BCH $204.10 -0.53%
LINK $9.48 -0.03%
HYPE $59.21 +0.19%
AAVE $89.27 +1.58%
SUI $0.6536 -3.33%
XLM $0.1548 -2.04%
ZEC $510.32 +0.04%
BTC $64,670.71 +1.01%
ETH $1,912.90 +0.30%
BNB $602.85 -0.61%
XRP $1.00 -0.19%
SOL $77.03 +1.44%
TRX $0.3330 +1.40%
DOGE $0.0702 -0.04%
ADA $0.1750 +0.08%
BCH $204.10 -0.53%
LINK $9.48 -0.03%
HYPE $59.21 +0.19%
AAVE $89.27 +1.58%
SUI $0.6536 -3.33%
XLM $0.1548 -2.04%
ZEC $510.32 +0.04%

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)

app_icon
ChainCatcher Building the Web3 world with innovations.