The crypto industry has witnessed another major hack in less than a week, where a hacker has stolen $100 million from Mango Markets.
The trading and lending platform hosted on the Solana blockchain was exploited after manipulation in the price of Mango Market's native MANGO token via an oracle price manipulation attack.
Mango Markets has confirmed via a tweet that the company is investigating the matter. "We are currently investigating an incident where a hacker was able to drain funds from Mango via an oracle price manipulation. We are taking steps to have third parties freeze funds in flight," the tweet said.
The company also has disabled deposits as a security measure.
"We will be disabling deposits on the front end as a precaution and will keep you updated as the situation evolves," Mango Markets tweeted.
The hacker's wallet was funded from an FTX exchange account.
According to blockchain security firm Hacken's tweets, the hacker first opened an enormous size futures position,...
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