By CryptoNews - 1 year ago - Reading Time: 1 minutes
$120 Million Exploit: AllianceBlock Token Price Manipulated in Oracle Hack – Here's What Happened
Self-sovereign financial services provider BonqDAO suffered $120 million in losses after a hacker exploited its oracle to manipulate the price of AllianceBlock tokens.In a Thursday tweet, blockchain security firm PeckShield revealed that BonqDAO’s oracle was manipulated and used to increase the price of AllianceBlock tokens. The exploiter managed to do so by changing the updatePrice function of the oracle in one of BonqDAO’s smart contracts....
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Original source: CryptoNews