“The [MGNO] governance token was valued for way over it must be,” OtterSec’s Robert Chen advised CoinDesk. “With that, [the attacker] was capable of take out massive loans towards it after which drain Mango’s [liquidity] swimming pools. It is like a lending-borrowing race: if in case you have overvalued collateral, you possibly can then borrow towards that collateral, and that is what they did.”
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