Cryptocurrency [loss] $1M+

Tweet by Solend

2022-11-02 [vendor] Solend attack [chain] solana
Primary Source ↗
Financial Loss $1.3M (1,260,000 USD)
Blockchain(s) Solana

Incident Details

Solend announced that an exploiter had manipulated the oracle price of an asset on their platform, allowing them to take out a loan that left the platform with $1.26 million in bad debt. They reported that they had paused affected pools, and did not anticipate other pools on the platform were at risk.

Total loss estimated at $1,260,000.

Technical Details

Initial Attack Vector
Oracle price manipulation
Vendor / Product
Solend attack

Timeline

  1. 2022-11-02 Breach occurred
  2. 2022-11-02 Publicly disclosed