DeFi Lending Protocol Fortress Loses All Funds in Oracle Price Manipulation Attack

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DeFi Lending Protocol Fortress Loses All Funds in Oracle Price Manipulation Attack

   Altcoins DAI DeFi DeFi News Ethereum Hack Security stablecoin    May 9, 2022  |  0

 
Fortress, decentralized finance (DeFi) lending protocol with an algorithmic money market and a synthetic stablecoin, has suffered an oracle price manipulation attack that resulted in the loss of all of its funds.
“Fortress has been hit with what we believe is an oracle manipulation attack draining all funds,” the project said on Twitter. “We are investigating to determine the exact method of attack.”…
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