Detail Analysis
Date:
Status:
Count:
Contributor:
December 26, 2019
Verified
2
zerofriction.io
Loss Amount:
2,500,000
Recovered Amount:
-
Currency:
Dollars, sETH
KYC By:
Audit By:
None
None
Website:
Twitter:
No data
Discord:
No data
Telegram:
No data
Medium:
No data
Github:
No data
Key Indicators
Platform:
Type:
Category:
Method:
Multi-Chain
Protocol
Derivatives
Contract Vulnerabilities
Extended Method:
Oracle manipulation
Data Sources:
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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