The bounty, which was offered via an on-chain message was approximately $97,000 or approximately 6% of the exploit amount.
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Category: price oracle
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Luna Classic (LUNC) pricing error leads to Mirror Protocol exploit
An error on the pricing oracle software for Terra Classic validators opened the door for an exploiter to drain four synthetic asset pools from the Mirror Protocol.
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Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing
On November 9, a writer from the website samczsun.com published a report that shows a number of issues with price oracle manipulation stemming from a few blockchain applications. The researcher notes that price oracle manipulation has resulted in “over $30 [million] in losses so far.” According to the researcher from samczsun.com there’s been a substantial […]
The post Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing appeared first on Bitcoin News.
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Coinbase Launches Price Feed to Help Secure $1 Billion DeFi Economy
Cryptocurrency exchange Coinbase has released a price oracle that allows anyone to publish price data on-chain. The Coinbase Oracle, a signed price feed, grants users free access to data for BTC-USD and ETH-USD markets, the company announced Thursday. The idea is to make decentralized finance more secure. The price feed is sourced from Coinbase Pro […]
The post Coinbase Launches Price Feed to Help Secure $1 Billion DeFi Economy appeared first on Bitcoin News.
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