Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing

On November 9, a writer from the website samczsun.com published a report that shows a number of issues with price oracle manipulation stemming from a few blockchain applications. The researcher notes that price oracle manipulation has resulted in “over $30 million in losses so far.”.

On Monday, he tweeted: “Price oracle manipulation has resulted in over 30MM of losses so far and it shows no signs of slowing.” For example, the post mentions undercollateralized loans, the Synthetix sKRW oracle malfunction, the yVault bug, Synthetix MKR manipulation, the Harvest Finance hack, and the Bzx hack as well.

Timeline of Harvest-finance, Maker