Security incident · 2026-02-19
Velar Perps
According to the public DefiLlama incident dataset, Velar Perps (Mezo) suffered a security incident on 2026-02-19, with about $401K reported lost.
| Date | 2026-02-19 |
|---|---|
| Reported loss | $401K |
| Chain | Mezo |
| Target type | DeFi Protocol |
| Technique class | Oracle Manipulation |
| Technique | Predictable Oracle Update |
| Bridge incident | No |
| Within 2026 | #151 by loss that year, 0.0% of all reported losses that year |
How this kind of attack works
The price feed the protocol relied on was pushed off for a short time, and the attacker borrowed or swapped at the distorted price.
Would a pre-payment check have helped
Oracle manipulation is a price-feed design problem.
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