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DeFi Protocol Tender.fi Hacker Returns $1.6M Following Chainlink Oracle Glitch

Altszn.com by Altszn.com
March 10, 2023
in Blockchain, Crypto, DeFi, Web3
0
DeFi Protocol Tender.fi Hacker Returns $1.6M Following Chainlink Oracle Glitch
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The attack occurred after Tender.fi upgraded its price feed to relay data from a Chainlink pricing oracle as opposed to a time-weighted average price (TWAP). The code, which was audited by PeckShield, contained an error and returned a number with too many zeros behind it. This meant the attacker was able to deposit one GMX token, worth around $70, effectively tricking the system into allowing infinite borrows, according to a postmortem published on Tender.fi’s Medium page.



Read More: www.coindesk.com

Tags: 1.6MChainlinkDeFiglitchhackerOracleProtocolreturnsTender.fi
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