Hacker legally gets $50 million from Mango Markets

$100 million Mango Markets hack & Ransom

About the hack

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The Attack

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Tokens Stolen

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Who identified the issue?

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The latest update

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A good or Bad move?

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$3 billion hacks in 2022

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We're on You Tube

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$100 million Mango Markets hack & Ransom

$100 million Mango Markets hack & Ransom

About the hack

About the hack

Solana based DeFi exchange Mango Markets has been hacked and approx. $100 million has been drained by the hacker.

The Attack

The Attack

The attacker has manipulated the data from the price oracle that allowed him to take out under-collateralized crypto loans worth $100 million

Tokens Stolen

Tokens Stolen

The hacker stole $50 million USD Coin, $26.7 million mSOL, $24 million SOL & $14.7 million MNGO token

Who identified the issue?

Who identified the issue?

The exploit was first identified by OtterSec, a blockchain security firm

The latest update

The latest update

Mango DAO has received $50 million from the hacker but was given the remaining portion in a settlement.

A good or Bad move?

A good or Bad move?

Paying $50 million to get back half of the stolen money is like rewarding hacker for stealing funds. The settlement has shocked the crypto markets.

$3 billion hacks in 2022

$3 billion hacks in 2022

Swipe up to checkout what hacker are targeting this year

Also Read:

Also Read:

1..Google & Crypto

1..Google & Crypto

2..Binance mining Loans

2..Binance mining Loans

3..Bittrex fined

3..Bittrex fined

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