DeFi trading platform Mango Markets faced $100M exploit

The attacker temporarily drove up the value of their collateral and then took out loans from the Mango treasury. Mango Markets has disabled deposits and is taking steps to have third-party funds frozen.

Mango Markets is a Solana-based platform for trading digital assets on the Solana blockchain for spot margin and trading perpetual futures. It is governed by Mango DAO.


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