The crypto lending platform MangoMarkets was hacked as a malicious actor was able to siphon $117 million from the protocol.
Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango which allowed them to borrow $117 million against the exploited collateral.On Tuesday, the Solana-based Mango Markets platform was hacked for $117 million.
. “We are taking steps to have third parties freeze funds in flight. We will be disabling deposits on the front end as a precaution, and will keep you updated as the situation evolves.”summarized the Mango Market hack in a post mortem and the team explained that the hacker was able to manipulate the token mango . “The attacker used two addresses to manipulate the price of MNGO – Mango’s native token and collateral asset – from $0.038 to a peak of $0.
The attacker was able to manipulate the price of the MNGO token and exploitatively borrowed more assets than what they were supposed to be able to.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Mango Markets attacker puts forward proposal that would pay them $70 million bountyAn exploiter who stole roughly $116 million from Mango Markets on Oct. 11 put forward a governance proposal that, if it passes, would grant them approximately $70 million as a bounty reward.
Baca lebih lajut »
Mango Markets Hacker Provides Ultimatum: ‘Repay Bad Debt’The hacker behind the mangomarkets exploit has issued an ultimatum to the protocol, and it involves anger about a recent bailout. thesamreynolds reports.
Baca lebih lajut »
Hacker steals over $100 million from Mango MarketsThe platform said it's investigating and taking steps to have “third parties freeze funds in flight,” it tweeted.
Baca lebih lajut »
$100M drained from Solana DeFi platform Mango Markets, token plunges 52%Mango Markets, a Solana (SOL)-blockchain based decentralized finance (DeFi) platform has been reportedly drained of $100 million after an attacker took out large cryptocurrency loans against its price-manipulated native token.
Baca lebih lajut »
Solana-Based Decentralized Finance Platform Mango Hit by Potential $100 Million ExploitBREAKING: Solana-based mangomarkets appears to be the victim of the latest $100 million DeFi exploit. skesslr reports
Baca lebih lajut »
How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange MangoA rogue crypto trader utilized millions of dollars to manipulate the prices of the thinly-traded MNGO tokens on the namesake decentralized exchange (DEX) to eventually drain over $116 million in liquidity from the platform. Reporting by shauryamalwa.
Baca lebih lajut »