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En total, el perspicaz trader usó más de 10 millones de USDC para retirar más de US$116 millones desde Mango pagando comisiones mínimas y haciendo todo lo permitido dentro de los parámetros del diseño de la plataforma. Mango no fue hackeada, funcionó exactamente como debía, y un trader ingenioso, aunque
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According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango (MNGO) which
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All in all, the rogue trader used over 10 million USDC to take out over $116 million from Mango, paying minimal fees for conducting the attack and doing everything within the parameters of how the platform was designed. Mango wasn’t hacked, it worked exactly as intended, and a savvy trader,
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The apparent exploit of Mango Markets stemmed from the ability of an attacker to manipulate the value of their posted collateral. Original Source
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A hard fork is a change to a blockchain protocol that renders older versions invalid. It may be performed when a network makes fundamental changes to its mechanics or governance or, as in this case, as a means of fixing weaknesses that have resulted in hacks or exploits. Original Source
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Under the agreement, more than $2 million would be returned
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph
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After a brief network suspension as the result of a
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A tweet from the official BNB chain Twitter account indicates that the chain is expected to be back online in the afternoon Asia time. Source
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Binance’s signature Binance Smart Chain is the latest to suffer from an exploit, and the chain is “temporarily paused,” according to the
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