Solana-Based Lending App Solend Gets Hacked for $1.26 Million in ‘Oracle Attack’

The Solana-centric lending exertion Solend mislaid $1.26 cardinal successful an oracle attack, according to Solend’s authoritative Twitter relationship connected Wednesday. A fig of affected pools were disabled, and Solend says it has fixed crypto exchanges the exploiter’s address.

Solana Defi Application Solend Loses $1.26 Million successful Oracle Exploit

The crypto assemblage has seen 2 significant hacks successful the past 24 hours, and 1 of them stemmed from the decentralized concern (defi) protocol Solend. The team’s authoritative Twitter relationship tweeted astir the nonaccomplishment aft it said it suffered from an oracle onslaught that affected a fig of isolated pools.

“An oracle onslaught connected USDH affecting the Stable, Coin98, and Kamino isolated pools was detected, resulting successful $1.26M successful atrocious debt,” Solend tweeted. “All different pools including the Main excavation are safe. Affected pools person been disabled and exchanges person been notified of the exploiter’s code — Note that the onslaught did not impact Pyth,” the Solend squad added.

The Solend exploit was besides reported by the blockchain and astute declaration information auditors Peckshield and Certik. “Solend has detected an oracle attack, resulting successful ~$1.26M successful atrocious debt. Affected pools person already been disabled,” Peckshield told the firm’s 37,900 Twitter followers. Certik besides confirmed the exploit connected Twitter erstwhile the institution wrote:

Solend has reported that an oracle onslaught connected USDH has affected the Stable, Coin98, and Kamino isolated pools. The affected pools person been disabled — Stay vigilant.

The Solend hack follows the crypto options elephantine Deribit losing $28 million successful a blistery wallet onslaught connected Nov. 1, 2022. The 2 hacks further travel a important emergence successful hacks that took spot during 2022’s 3rd quarter. Certik’s “2022 Q3 Hack3d Report” highlights the information that malicious actors drained much than $504 cardinal successful worth from Web3 protocols successful Q3 2022.

What bash you deliberation astir Solend losing $1.26 cardinal successful an oracle attack? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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