BTC $64,754.44 +0.67%
ETH $1,917.93 -0.00%
BNB $593.97 +4.02%
XRP $1.09 +0.50%
SOL $74.70 +0.99%
TRX $0.3287 +0.94%
DOGE $0.0707 +0.04%
ADA $0.1718 +3.38%
BCH $219.49 +3.73%
LINK $8.49 +1.22%
HYPE $54.82 -0.32%
AAVE $99.71 -0.46%
SUI $0.7047 +1.76%
XLM $0.1724 -0.46%
ZEC $472.59 +0.53%
BTC $64,754.44 +0.67%
ETH $1,917.93 -0.00%
BNB $593.97 +4.02%
XRP $1.09 +0.50%
SOL $74.70 +0.99%
TRX $0.3287 +0.94%
DOGE $0.0707 +0.04%
ADA $0.1718 +3.38%
BCH $219.49 +3.73%
LINK $8.49 +1.22%
HYPE $54.82 -0.32%
AAVE $99.71 -0.46%
SUI $0.7047 +1.76%
XLM $0.1724 -0.46%
ZEC $472.59 +0.53%

Morpho lost approximately $230,000 due to an oracle configuration error

2024-10-14 10:41:25
Collection

ChainCatcher news, Chaos Labs founder Omer tweeted that the PAXG/USDC market on Morpho lost approximately $230,000 due to an oracle configuration error.

Specifically, the Oracle SCALE_FACTOR configuration on Morpho failed to account for the difference between USDC (6 decimal places) and PAXG (18 decimal places), which resulted in a 12-digit inflation of the PAXG price, and the security monitoring may have focused on the reference price rather than the calculated oracle price. Ultimately, the attacker deposited $350 worth of PAXG and borrowed $230,000 worth of USDC.

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