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DeFi Protocol Tender.fi Hacker Returns $1.6M Following Pricing Oracle Glitch

SB Crypto Guru News by SB Crypto Guru News
March 12, 2023
in Crypto Updates
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DeFi Protocol Tender.fi Hacker Returns .6M Following Pricing Oracle Glitch



The assault occurred after Tender.fi upgraded its value feed to relay knowledge from a Chainlink pricing oracle versus a time-weighted common value (TWAP). Tender.fi’s code, which was audited by PeckShield, contained an error and returned a quantity with too many zeros behind it. That meant the attacker was capable of deposit one GMX token, value round $70, successfully tricking the system into permitting infinite borrows, in line with a postmortem printed on Tender.fi’s Medium web page. There was no difficulty with the Chainlink oracle itself.



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Tags: 1.6MBitcoin NewsCrypto NewsCrypto UpdatesDeFiglitchHackerLatest News on CryptoOraclepricingprotocolreturnsSB Crypto Guru NewsTender.fi
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