VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
Compound's price feed error caused the liquidation of $90 million in assets. According to DeBank founder, the huge liquidation of Compound was caused by the dramatic fluctuations in the DAI price of the oracle information source Coinbase Pro. It is a typical oracle attack to manipulate the information source that the oracle relies on to perform short-term price manipulation to achieve misleading prices on the chain. Attack method (per SlowMist): Oracle Attack. Reported loss: -.
Primary source
https://www.jinse.com/lives/208210.html ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- Compound
- bug_class
- oracle
- date_occurred
- 2020-11-26
- loss_usd
- —
- source_id
- sm:compound::2020-11-26
Related — same bug class· oracle