Mango Markets losses $100 million in an oracle price attack

Mango Markets is the latest decentralised financial (DeFi) platform to come under attack.

Mango, a decentralised finance platform hosted on the Solana blockchain, announced a few hours ago that it had suffered an exploit. 

The development team revealed that the attacker(s) stole $100 million from the protocol via an oracle price manipulation.

-The net value extracted by the account was around $100 million equivalent at the time

-At 02:37 UTC October 12th, the Mango program instructions were frozen to prevent any users from further interacting with the protocol, e.g., depositing more funds which may not be recoverable

— Mango (@mangomarkets)