Compound suffers oracle attack, resulting in liquidation of assets worth $100 million
According to LoanScan monitoring, the total liquidation of collateral assets in DeFi today reached $111 million, with as much as 93% coming from Compound. It is speculated that the liquidation was due to a oracle attack, where the token price used by Compound was manipulated, resulting in the liquidation.
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According to LoanScan, today the total amount of assets liquidated in DeFi reached $111 million, with as much as 93% coming from Compound. It is speculated that the liquidation was due to a oracle manipulation attack, where the token price used by Compound was manipulated, leading to the liquidation.
The Block's Research Director Larry Cermak stated that DAI was once priced more than 30% higher, leading to liquidations.
Currently, Compound's price feed is sourced from Open Price Feed, with data coming from Coinbase Pro, but has experienced significant premiums at times:
Su Zhu of Three Arrows Capital also provided suggestions to prevent oracle manipulation attacks:
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