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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Source: CoinDesk - 🏆 291. / 63 Read more »