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Detail Analysis

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Date:

Status:

Count:

Contributor:

December 26, 2019

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Verified

2

zerofriction.io

Loss Amount:

2,500,000

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Recovered Amount:

-

Currency:

Dollars, sETH

KYC By:

Audit By:

None

None

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Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Multi-Chain

Protocol

Derivatives

Contract Vulnerabilities

Extended Method:

Oracle manipulation

Data Sources:

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According to a Medium blog post published Mar. 3, Ethereum-based DeFi platform Synthetix suffered targeted attacks between Nov. 30 to Dec. 26 last year. The report (https://cryptocatvc.medium.com/how-to-lose-2-5m-of-your-users-funds-37e02cdb08ec) calculated losses of the manipulation attacks at roughly $2.5 million for Synthetix (SNX) token holders. The synth MKR pairs, sMKR and iMKR, were targeted, with low spot MKR market liquidity providing the traders with the attack opportunity.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.