0VIX Protocol Drained For $2m In Oracle Manipulation Exploit

0VIX Protocol Drained For $2m In Oracle Manipulation Exploit

Polygon lending protocol 0VIX has announced a temporary halt to its POS and zkEVM operations because of an exploit costing the protocol at least $2 million.
0VIX is working with its security partners to look into the current situation that seems to be related to vGHST.As a result, POS and zkEVM markets have been paused this includes pausing oToken transfers, minting, and liquidations.Only POS has been currently affected but zkEVM…
— 0VIX | live on zkEVM (@0vixProtocol) April 28, 2023
A joint investigation with blockchain security firm PeckShield revealed that the attacker had managed to exploit the protocol using the vGHST token. vGHST is the staking token of the blockchain gaming project Aavegotchi. It is also the share token for $GHST, Aavegotchi’s native token.
Blocksec, another security and audit firm, confirmed that vGHST was artificially inflated and its price oracle manipulated. The attacker had initially borrowed stablecoins which they used to open up lending on 0VIX and

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We współpracy z: https://cryptodaily.co.uk/2023/04/0vix-protocol-drained-for-2m-in-oracle-manipulation-exploit-update

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