2023-11-03 15:20:17

How low liquidity led to Mango Markets losing over $116 million

Investing.com

By Cointelegraph

It would seem that the hackers used an “oracle price manipulation” tactic in the exploit on the Solana-based DeFi network, as indicated by a tweet sent by the official account for the Mango cryptocurrency exchange.

In mid-October, traders took advantage of a vulnerability in the decentralized finance (DeFi) trading platform Mango Markets and stole more than $110 million worth of cryptocurrencies off the network.

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#market #mango #officialaccount #tactic #decentralizedfinance

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