Price manipulation on oracle
DeFi analytic firm PeckShield took to Twitter to explain the cause and manner in which the funds were exploited. The hackers behind the attack managed to exploit and manipulate a price oracle for flash loans, resulting in the insolvency of users’ funds.
The hackers manipulated the price from the pair of StableV1 AMM – USDC/DEI, which the protocol used to set a price oracle for its flash loans.
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