Market Cap: $3,052,473,135,211
24h Vol: $86,926,750,486
Cryptocurrencies: 28005
Markets: 116055
Cryptocurrencies: 28005
Markets: 116055
Market Cap: $3,052,473,135,211     
24h Vol: $86,926,750,486
cryptonews 2023-02-02 09:41:00

$120 Million Exploit: AllianceBlock Token Price Manipulated in Oracle Hack – Here's What Happened

$120 Million Exploit: AllianceBlock Token Price Manipulated in Oracle Hack – Here's What Happened
Self-sovereign financial services provider BonqDAO suffered $120 million in losses after a hacker exploited its oracle to manipulate the price of AllianceBlock tokens. In a Thursday tweet, blockchain security firm PeckShield revealed that BonqDAO’s oracle was manipulated and used to increase the price of AllianceBlock tokens. The exploiter managed to do so by changing the updatePrice function of the oracle in one of BonqDAO’s smart contracts.... Read More: $120 Million Exploit: AllianceBlock Token Price Manipulated in Oracle Hack – Here's What Happened
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