TechFlow news: Levana Protocol has released a security update stating that Levana was subjected to an oracle attack, affecting approximately 10% of its liquidity providers (LPs). The issue has been resolved, and new position openings will resume next week. Trader profits, position closures, order cancellations, and order triggers are all functioning as expected.
Yesterday, Levana, a perpetual trading protocol on the Osmosis chain, suffered an attack. The vulnerability existed for over 13 days, from December 13 to December 26, during which the attacker drained 10% of the liquidity pools on Levana, resulting in losses exceeding $1.1 million.
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