“The [MGNO] governance token was valued for far more than it should be,” OtterSec’s Robert Chen told CoinDesk. “With that, [the attacker] was able to take out large loans against it and then drain Mango’s [liquidity] pools. It’s like a lending-borrowing race: if you have overvalued collateral, you can then borrow against that collateral, and that’s what they did.”
Credit: Source link
The US Attorney’s Office in Manhattan will scale back its focus on crypto crimes following a series of high-profile convictions,...
People are policy, and Trump surrounds himself with an orange-pilled group. VP-elect JD Vance owns Bitcoin, and has a long...
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), delivered a detailed address on Nov. 14 at the...
Bitcoin pared some of Thursday's losses during the European morning to trade above $90,000. BTC remains over 1% lower in...
Since the launch of the ETFs, Thursday was the third worst day for the bitcoin-linked products. Interestingly, the other two...
This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!
