Solana-Based Decentralized Finance Platform Mango Hit by Potential $100 Million Exploit

Mango, a decentralized finance platform hosted on the Solana Blockchain, appears to have been exploited for over $100 million.

The exploit was initially reported on Twitter by blockchain auditors OtterSec, who say “the attacker was able to manipulate their Mango collateral.” “They temporarily spiked up their collateral value, and then took out massive loans from the Mango treasury,” OtterSecMango, for its part, is urging users not to"deposit into Mango until the situation is more clear."

Mango is a decentralized crypto exchange on the Solana blockchain that offers users the ability to make spot trades and loans. Mango's MNGO token was down over 42% in the past 24 hours amid fears that the platform may have been exploited, according to price data fromThursday's exploit the second major decentralized finance attack in less than a week, coming hot on the heels of anUPDATE : Adds Tweet from Mango.

mangomarkets skesslr It can only be so la na

mangomarkets skesslr Oh Solana.. what was it 8 days ago?

mangomarkets skesslr DoubleyouW3 solashit

mangomarkets skesslr OffFI

mangomarkets skesslr 🚀🚀🚀

mangomarkets skesslr Jesh not only is the Solana network unreliable but insecure as well. Time to dump it.

mangomarkets skesslr 😂

mangomarkets skesslr 'defi is the future' lmao

mangomarkets skesslr goodfreephotos

mangomarkets skesslr SmartContract Formal Verification is NEEDED. tezos fixes this.

mangomarkets skesslr offLana

mangomarkets skesslr this never happen on $EOS, 4 year battle tested. 💪

mangomarkets skesslr Touch grass

mangomarkets skesslr RichardHeartWin hex unaffected

mangomarkets skesslr Who the fuck trusts their wealth in these shitty projects?

mangomarkets skesslr Buy bitcoin.

mangomarkets skesslr Solana Sol has been a disappointment this year with all its downtimes and exploits... time for people to look for a much better alternative! Algorand ALGO

mangomarkets skesslr who the hell use thoose shit apps like that omg 100M 🥸

mangomarkets skesslr TheCryptoSniper

_XRpizza mangomarkets skesslr Defi ~ Definanced

mangomarkets skesslr Wake me up when there is no hack or outage on Sol. 🤔

mangomarkets skesslr 'Defi' 😂😂 more like centralized

mangomarkets skesslr The future of finance.

mangomarkets skesslr BREAKING: Solana.

mangomarkets skesslr 😋🤑

mangomarkets skesslr

mangomarkets skesslr KMFinanzen

mangomarkets skesslr Iris_token project uses artificial intelligence algorithms to find the best projects on the market and gives their potential over the next 3 years via IrisApp. It finds better returns from staking/Farming on the most solid projects and gives token a few minutes before CMC/CG

mangomarkets skesslr

mangomarkets skesslr DEFI needs to prove itself now!!!

mangomarkets skesslr

mangomarkets skesslr SOL again. Epitome of shitcoin

mangomarkets skesslr this is why we can’t have nice decentralized things. sad face

mangomarkets skesslr Another one ☝🏼

mangomarkets skesslr Lol

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