UTC-05:00,Thursday , January 28th 2021

Compound's Liquidation Of $90M In Cryptos May Be Caused By Oracle Attack

05:25 Thursday , November 26th 2020
According to DeBank, Compound liquidated over $90 million in cryptos within 24 hours. Hongbo, founder of DeBank, elaborated that the huge liquidation of Compound was caused by the dramatic fluctuation of the DAI price from the oracle information source Coinbase Pro. It is a typical oracle attack to manipulate the information source that the oracle relies on for short-term price manipulation, so as to achieve misleading prices on the chain.
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