ID:
synthetix-549
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Multi-Chain
Protocol
Derivatives
Contract Vulnerabilities
Extended Method:
Oracle manipulation
Days in Operation:
1395
(3.82 Years)
100 pts each
According to a Medium blog post published Mar. 3, Ethereum-based DeFi platform Synthetix suffered targeted attacks between Nov. 30 to Dec. 26 last year. The report (https://cryptocatvc.medium.com/how-to-lose-2-5m-of-your-users-funds-37e02cdb08ec) calculated losses of the manipulation attacks at roughly $2.5 million for Synthetix (SNX) token holders. The synth MKR pairs, sMKR and iMKR, were targeted, with low spot MKR market liquidity providing the traders with the attack opportunity.
DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose.
​
Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.