Sam Kessler / CoinDesk:
Mango Markets, a DeFi platform on Solana, says a hacker drained some of its funds via an oracle price manipulation; blockchain auditor OtterSec says for $100M+ — The apparent exploit stemmed from the ability of an attacker to manipulate the value of their posted collateral.
Taylor Locke / Fortune:
Mango Markets, a Solana DeFi platform, says a hacker stole ~$100M by manipulating its coin’s price; the hacker then passed a malicious DAO governance proposal — Mango Markets, a decentralized trading platform on the Solana blockchain, looks to be the latest victim of a massive hack within the crypto realm.
Osato Avan-Nomayo / The Block:
Hacker behind the Mango Markets exploit keeps $47M and returns $67M to the DeFi platform after a Mango community vote; he claims his actions were legal — – Eisenberg called the exploit a “profitable trading strategy” and said his actions were legal. — The Mango exploiter said the deal …
Stephen Graves / Decrypt:
Google Cloud says it is running a Solana validator and is indexing Solana data for BigQuery, will add Solana support to Blockchain Node Engine in 2023, and more — Solana ( SOL) rose 12% on the news, changing hands at around $36.80 at time of publication.
CoinDesk:
Binance Smart Chain suspends transactions due to a bridge exploit, estimating that $100M to $110M in assets were moved off chain, of which $7M has been frozen — An attacker moved $100-$110 million in crypto off the Binance linked blockchain. — Binance Smart Chain hit the brakes Thursday …
Hannah Miller / Bloomberg:
Solana cofounders Anatoly Yakovenko and Raj Gokal scramble to move past FTX’s stain on their token, down 96% from November 2021; FTX and Alameda bought 58M+ SOL — Solana, the blockchain network once championed by Sam Bankman-Fried, is drawing immense scrutiny as industry watchers wonder whether …
Xinyi Luo / CoinDesk:
Alameda-backed DeFi projects Maps.me, a maps app for travelers, and “DeFi Prime Brokerage protocol” Oxygen say 95%+ of their native tokens are locked up at FTX — Alameda Research led funding rounds into both companies in 2021. — Maps.me and Oxygen, two decentralized finance …
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