DeFi data manipulation is too easy — and current oracle solutions aren’t helping much
Cointelegraph
Published Dec 24, 2020 02:59PM ET
Updated Dec 26, 2020 05:20PM ET
It seems like every week we hear news of another DeFi project being hacked or exploited. The latest crop of victims includes such projects as Harvest Finance, Akropolis, Value DeFi, Origin and of course Compound.
When exploits do occur, they usually involve manipulating the reference price like ETH/DAI on a data source, such as Curve, Kyber or Coinbase Pro. Sometimes, it’s a mistake, as in the SNX case where the Korean Won was quoted with the wrong decimal place.
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Written By: Cointelegraph
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