Hacker steals over $100 million from Mango Markets

From theblock.co

A hacker stole $100 million from Mango Markets, a trading and lending platform on Solana. The exploit appeared to be the result of manipulation in the price of Mango Market’s native MANGO token via an oracle price manipulation attack, Mango Markets tweeted. The platform said it's investigating and taking steps to have “third parties freeze funds in flight,” it tweeted. The attacker first deposited $5 million in USDC to the platform, and then opened an abnormally large long position, according to blockchain security firm Hacken on Twitter. This caused the token price to jump nearly 1000% in less than an hour, ... (full story)