How low liquidity led to Mango Markets losing over $116 million
Cointelegraph
Published Nov 03, 2022 09:41AM ET
Updated Nov 03, 2022 11:20AM ET
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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Written By: Cointelegraph
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