Lodestar Finance, a Compound fork on Arbitrum, is the latest victim of the mass market manipulation that has affected both people and protocols across our industry. On Saturday, the price oracle of plvGLP collateral was manipulated, allowing the attacker to drain their lending pools for a profit of ~$6.5M. According to the official announcement, “2.8 Million of the GLP is recoverable, which is worth about $2.4 million.” The team has appealed to the hacker to negotiate a white-hat bounty. The incident saw the token LODE dump by ~70% and TVL drop to just $11. That’s [#77](/crypto/new/77) on the leaderboard for Lodestar Finance.