DeFiBearishProtos · Feb 267/103
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DeFi exploiter targets lending protocols with oracle tricks
A DeFi exploiter successfully manipulated oracle pricing on Ploutos Money lending protocol, using BTC/USD price data for USDC tokens. This oracle manipulation allowed the attacker to borrow $400,000 worth of ETH using only $8 of collateral, highlighting critical vulnerabilities in DeFi lending protocol oracle systems.
$BTC$ETH