Lending Protocol Drained After Oracle Manipulation Attack
The attacker exploited a thin-liquidity pricing feed to borrow against collateral at inflated valuations.
A mid-sized DeFi lending protocol was drained of approximately $42 million on Tuesday after an attacker manipulated the protocol's oracle pricing feed, borrowing against deposited collateral at inflated valuations and walking away with the proceeds before liquidations could be triggered.\n\nThe attack pattern is one of the most common in DeFi exploits over the past three years and is typically prevented by using multi-source oracles with manipulation-resistant time-weighted averages.
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