Solana-hosted DeFi platform Mango exploited for over US$100 mln

According to data from CoinMarketCap, Mango's token MNGO was significantly affected

falling 42.9% in the last 24 hours to US$0.023 as of 11:15 a.m. in Hong Kong.

It appears the attacker was able to modify their Mango collateral, according to tweet from blockchain auditor OtterSec.

They temporarily increased the value of their collateral before taking out huge loans from the Mango Treasury.

Mango stated they will be "disabling deposits on the front end as a precaution" and "taking steps to have third parties freeze cash in flight."

Daffy Durairaj, a co-founder of Mango Markets, publicly addressed the exploiter as well. 


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