Crypto News Summary: Solana-Based Mango Markets Suffers $100M Exploit, BNB Chain Executes Moran Hard Fork
Source: AdobeStock / Ievgen Tytarenko Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________ Security news Solana (SOL)-based decentralized finance (DeFi) trading platform Mango Markets was drained of $100 million in funds due to an exploit, per blockchain auditing website OtterSec and a tweet by Mango Markets itself. “As of now any Mango users with deposits on the protocol are not able to withdraw assets; This incident has effectively resulted in a total draining of all equity available,” said the platform. OtterSec added that it seems the attacker was able to manipulate Mango collateral. The BNB Chain has executed a hard fork called Moran to issue a security patch that resolved a critical vulnerability after last week’s bridge exploit. Per a GitHub post, “this release is a temporary urgent patch to mitigate the c...