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Virtue

Aug 28, 2026

$895K
Lost
$895K
Recovered
$0
Net loss
$895K
Unrecovered0% recovered

An attacker exploited Switchboard’s IOTA guardian-attestation design to replace the signing keys of all 14 production oracles and submit arbitrary IOTA prices. 027 IOTA, then crashed the reported price to trigger liquidations of healthy positions.

72M IOTA-equivalent of collateral from the manipulated liquidations.

Target
DeFi
Classification
Oracle Manipulation
Technique
Oracle Misconfiguration
Attribution
Unknown
Chains
Iota

Event timeline

  1. Aug 28, 2026
    Exploit executed — $895K drained via oracle misconfiguration
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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