An attacker targeting DeFi protocol El Dorado Exchange (EDE Finance) has returned over $400,000 worth of USDC and USDT after the project admitted that it made an “ill-advised decision to manipulate the price.”
Earlier today, the decentralized exchange (DEX) protocol was exploited for around $580,000, according to security firm Peckshield, which specializes in monitoring and analyzing suspicious activities on blockchain networks
Following the news, the EDE token was down 14% to $0.5767, at the time of writing, according to CoinMarketCap data.
How EDE was exploited
A May 30 analysis from Numen Cyber Labs showed that the attacker manipulated the prices of the tokens on the DEX.
The attacker exploited a function within the protocol’s closed-source Oracle contract after invoking the “func_147d9322” function. According to Numen Cyber Labs, these actions allowed the attacker to manipulate the token prices and effectively exploit the project.
Meanwhile, the project’s auditor Luna
We współpracy z: https://cryptoslate.com/ede-finance-attacker-returns-over-400k-after-team-admits-price-manipulation/
