$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 PeckSh...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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....
Read More: $120 Million Exploit: AllianceBlock Token Price Manipulated in Oracle Hack – Here's What Happened
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Why XRP’s 63 billion circulating tokens don’t tell buyers what’s for sale
For XRP buyers, available supply depends on the price they are willing to pay. The token's roughly 63.09 billion circulating suppl...
Citi predicts Bitcoin going back to $113,000. Here’s what the buying data shows
Citi's $113,000 Bitcoin target would require a roughly 36% rise from the Oct. 7 reference price, keeping it below its previous rec...
Securitize Rolls Out 1:1-Backed Tokens of Apple, Nvidia and 10 Other U.S. Stocks on Solana
Securitize launched Securitize Stocks on Thursday, a line of tokenized U.S. equities for eligible investors in the U.S., the Europ...
UK sanctions crypto payment processors Cryptomus, Heleket, and exchange TokenSpot
The UK's sanctions highlight the increasing scrutiny on crypto's role in evading financial restrictions, impacting global complian...
Base records $500 million in weekly trading volume as tokenized stocks gain ground
The surge in tokenized stock trading on Base highlights growing interest in blockchain-based financial products, potentially resha...
Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high
US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued...