Security incident · 2022-10-11
Mango Markets V3
According to the public DefiLlama incident dataset, Mango Markets V3 (Solana) suffered a security incident on 2022-10-11, with about $115.0M reported lost.
| Date | 2022-10-11 |
|---|---|
| Reported loss | $115.0M |
| Chain | Solana |
| Target type | DeFi Protocol |
| Technique class | Oracle Manipulation |
| Technique | Spot Price Manipulation |
| Bridge incident | No |
| Within 2022 | #8 by loss that year, 3.2% 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.
Other incidents with the same technique
- CREAM Lending2021-10-27 · $130.0M
- Venus Protocol2021-05-18 · $100.0M
- Bunny2021-05-19 · $45.0M
- Vee Finance2021-09-21 · $34.0M
- xToken2021-05-12 · $24.0M
- Harvest Finance2020-10-26 · $24.0M