TechFlow News on November 26 — According to DeBank data, $90 million worth of assets on Compound were liquidated. The liquidation is suspected to have been triggered by severe price fluctuations in the DAI price feed from Coinbase Pro, one of Compound's price oracles.
According to hongbo, founder of DeBank, the massive liquidation on Compound was caused by extreme volatility in the DAI price data sourced from oracle provider Coinbase Pro. Manipulating an oracle's underlying data source to temporarily distort on-chain prices is a typical form of oracle attack. (Doo Prime)
Add to Favorites
Share to Social Media
