Solana DeFi platform, Mango Markets, drained over $100M in a hack
Join Our Telegram channel to stay up to date on breaking news coverage Mango Markets has been exploited and drained more than $100 million worth of cryptocurrencies. The decentralized finance (DeFi) platform was exploited after an attacker manipulated the price data of the native token before taking loans against holdings. Mango Markets drained over $100M Mango Markets is a DeFi platform based on the Solana blockchain. The platform has been hit by an exploit that drained more than $100 million after an attacker exploited price oracle data. The exploit allowed them to take cryptocurrency loans that were not collateralized. OtterSec, a blockchain security company, first detected the attack. The blockchain security company tweeted that the exchange had lost more than $100 million because of the attacker manipulating the price of MNGO, the native token of the Mango DeFi platform. The attacker later took out loans from the Mango treasury. It appears the attacker was able to ma...