in bug bounty, Cryptocurrencies, mango markets, Solana

Mango Markets hacker proposes steep settlement

by Repost Admin October 12, 2022, 7:43 pm 1.8k Views

The Solana DeFi protocol suffered a $117 million exploit yesterday, and the hacker wants 70M USDC in ‘bug bounty.’

On Wednesday, one day after $117 million was drained from Solana DeFi platform Mango Markets via a price feed exploit, the hacker responsible for the attack demanded a settlement. The proposal was filed on the Mango Markets decentralized autonomous organization (DAO) governance forum.

If passed, the procedure would involve the hacker sending stolen Mango Markets (MNGO), Solana (SOL), and Marinade Staked SOL tokens to an address provided by the Mango DAO team. Users w