ID:
compound-436
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Ethereum
Protocol
Lending
Contract Vulnerabilities
Extended Method:
Oracle manipulation
Days in Operation:
1815
(4.97 Years)
100 pts each
Compound's price feed error caused the liquidation of $90 million in assets. An apparent error or malicious attack to the Dai-dollar-peg data supplied by the Coinbase oracle pushed the price of the stablecoin to about $1.30 – a premium of 30% – leaving some users on Compound under-collateralized. According to DeBank founder hongbo, the huge liquidation of Compound was caused by the dramatic fluctuations in the DAI price of the oracle information source Coinbase Pro. It is a typical oracle attack to manipulate the information source that the oracle relies on to perform short-term price manipulation to achieve misleading prices on the chain.
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