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Mango Markets V3

Oct 11, 2022

$115M
Lost
$115M
Recovered
$0
Net loss
$115M
Unrecovered0% recovered

Attacker used $5M initial capital to take a MANGO-PERP position and pumped spot price via large purchases on another account, creating artificial collateral worth $423M to borrow $110-116M. Protocol relied on liquidity-sensitive price feeds vulnerable to large single-account manipulation.

Target
DeFi
Classification
Oracle Manipulation
Technique
Spot Price Manipulation
Attribution
Unknown
Chains
Solana

Event timeline

  1. Oct 11, 2022
    Exploit executed — $115M drained via spot price manipulation
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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