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Ronald Maguire

02 June 2022 147 Read Crypto , Altcoins

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Mirror Protocol Exploited for the Second Time

After Terra released version 2.0, Mirror Protocol became the new victim of Oracle issues. There was an error in the prices on the platform, which resulted in the exploitation of liquidity. Mirror Protocol is under a serious liquidity threat. Mirror Protocol, a project of Terraform Labs, provided US stock trading products to investors with no registration requirements.

Mirror Protocol Experiencing a Vulnerability

The platform is experiencing an oracle bug that displays incorrect asset values ​​and wreaks havoc on the protocol. The actual price of LUNC, which appears at $5 on the platform, is $0,0001. Hackers easily mortgaged LUNC and stole $2 million to withdraw real assets from the project.

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