$100 million hacked from Solana DeFi platform

$100 million drained from DeFi platform

About Solana

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What's the news?

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The Attack

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Tokens Stolen

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Who identified the issue?

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Response form Mango

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The Latest Update

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We're on You Tube

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$100 million drained from DeFi platform

$100 million drained from DeFi platform

About Solana

About Solana

Solana is a layer 1 blockchain with similar functions that of Ethereum. However, it's much faster & has lowest gas fees than other blockchains.

What's the news?

What's the news?

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 hackers 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

Response form Mango

Response form Mango

Mango Markets have asked hackers to contact for bug bounty & advised users to stop deposits on the platform.

The Latest Update

The Latest Update

Mango DAO gets $50 million at this cost. Swipe up to read

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