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Pando Rings

Nov 6, 2022

$22.0M
Lost
$22.0M
Recovered
$0
Net loss
$22.0M
Unrecovered0% recovered

On November 5-6, 2022, Pando Rings suffered an oracle manipulation attack when an attacker inflated sBTC-WBTC LP token values in the oracle, enabling borrowing against inflated collateral and stealing approximately $20-22M.

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

Event timeline

  1. Nov 6, 2022
    Exploit executed — $22.0M drained via spot price manipulation
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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