A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
53339 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
53339 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
Relevant
Hot
New
Spam
Relevant
Hot
New
Spam
0
600
0
600
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.
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.
Some low-ranking comments may have been hidden.
Some low-ranking comments may have been hidden.