Mango Markets, a Solana-based trading and lending platform, was hacked for $100 million.
According to the statements made by Mango Markets, the hacker manipulated the price of the MANGO token using oracles to carry out the attack.
The Mango Markets team recovered the stolen coins. freezing and so that the hacker can be prevented from taking further action. “with third parties” in conversation.
According to analysis by blockchain security firm Hacken, the hacker first deposited $5 million USDC on the platform and opened a large long position. Your opened position abnormally large almost in the price of the token. an increase of 1,000 percent. led to
The hacker, however, used his collateral assets, which increased, on Mango Market’s lending platform and borrowed large amounts of money.
According to the statements made by Hacken, the hacker manipulated the value of both the token and collateral assets, resulting in a total of approximately 114 million dollars worth of assets stolen.
The hacker broke up the Mango Markets community after stealing these coins. called for a vote. The hacker’s suggestion is to approximate the assets he stole. 50 million dollars to return part of it to the community, and to give the remaining money to him as a reward.
The hacker also demands that if the vote is accepted, no investigation will be opened against him and that no blockage will be placed on the money he has received.