Binance Smart Chain is Dumb and Mango Markets, Too
Crypto Critics' Corner
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Mango Markets Hack
Mango markets decentralized exchange hacked for over $100 million or somewhere around $100 million. It's another one of those cases where they took advantage of how an oracle was programmed, ran up the price of an asset and then in this case borrowed against that asset with the intention of basically letting them seize the worthless collateral. And so they didn't really do anything they weren't supposed to. They just made the markets briefly irrational and took advantage of that irrationality.
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