Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Tron and Ethereum fight for the USDT top position

2025-05-13

Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

2025-05-13

Donald Trump Jr. Splashes rumors about ‘Truth Social’ -Memecoin

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-12

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12
  • NFT

    Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

    2025-05-13

    Donald Trump Jr. Splashes rumors about ‘Truth Social’ -Memecoin

    2025-05-13

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»DeFi»Solana’s NFT bear meets a $100M DeFi hack- what’s next?
DeFi

Solana’s NFT bear meets a $100M DeFi hack- what’s next?

2022-10-14No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Solana [SOL]‘s journey within the cryptocurrency market has been nothing wanting a fairy story with each huge participant supporting the ecosystem in 2021.

Though in 2022, SOL witnessed just a few ‘haunted‘ twists on this story. From hacks to cost corrections to community outages, the checklist can go on and on.


Right here’s AMBCrypto’s Value Prediction for Solana  for 2022-2023


Fairy story gone unsuitable?

Solana’s native token, SOL, suffered one more worth correction because it consolidated beneath the $35 degree mark on CoinMarketCap. At press time, it stood shy of the $32 mark because it continued to see crimson flags throughout numerous playgrounds.

Alternatively, the Metaplex Basis, which oversees Solana’s Metaplex NFT protocol, launched an airdrop of its MPLX token for Solana NFT creators. However, the Metaplex token plunged by round 70%. Properly, that wasn’t the one blow.

Based on OtterSec, a blockchain audit platform, Mango, the DeFi undertaking on Solana, was hacked. The attackers obtained a lot of loans from the Mango treasury by manipulating Mango’s collateral, leading to a possible lack of greater than $100 million.

@mangomarkets was simply drained for over $100M. https://t.co/SI4hccCIQx

🧵 pic.twitter.com/IAKyXgN8gM

— OtterSec (@osec_io) October 11, 2022

The alleged attacker quickly spiked up the collateral worth after which took out huge loans from the Mango treasury. The sufferer’s staff did acknowledge the identical, and later tweeted,

“We’re presently investigating an incident the place a hacker was in a position to drain funds from Mango through an oracle worth manipulation. We shall be disabling deposits on the entrance finish as a precaution.”

However the harm was already performed. As a result of information of the exploit, the value of the platforms’ MNGO token fell by round 52% within the final 24 hours.

See also  DefiLlama founder moves to NFT lending to tackle liquidity constraints

Searching for…

For sure, given the SOL connection, Solana too suffered just a few censures from the group.

SOL’s efficiency within the final seven days was principally in settlement with the bears. Moreover, SOL’s quantity decreased significantly on 8 October, which was a adverse sign pushing SOL’s worth to new lows.

Moreover, SOL’s situation might go worse if the promoting strain magnifies.

However once more, in line with DeFiLama, SOL was additionally among the many prime 10 chains by TVL, which may very well be a inexperienced flag for the blockchain in these testing occasions.



Source link

100M Bear DeFi Hack Meets NFT Solanas Whats
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Top 9 play-to-earn NFT games to try in May 2025!

2025-05-12

New Defi Crypto would be launched at $ 0.06 with potential to reach $ 0.30 – this is why investors keep a close eye on

2025-05-12

NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

2025-05-11

Solana’s $ 185 target in sight – this is what traders need to know

2025-05-11
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Why LINK decoupled despite alts following Bitcoin’s lead

2024-03-12

I asked ChatGPT about Bitcoin’s performance, it says BTC will cross $150,000 within….

2023-07-16

Crypto Exchange Kraken acquires leading American retail futures trading platform Ninjatrader

2025-03-20
Editors Picks

The ultimate game changer for Web3 startups

2024-07-08

Concordium announces its first Oracle integration with Umbrella to improve the security of Web3 infrastructure

2024-01-19

Bored Ape Yacht Club turns Pudgy Penguins into rock bottom price

2024-02-22

Dogecoin whales collect 450 million doge during the recent price dip – time for an outbreak?

2025-01-28
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Tron and Ethereum fight for the USDT top position

Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

Donald Trump Jr. Splashes rumors about ‘Truth Social’ -Memecoin

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,243.70-1.17%
  • ethereumEthereum(ETH)$2,482.60-3.21%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.554.86%
  • binancecoinBNB(BNB)$652.47-2.69%
  • solanaSolana(SOL)$173.29-1.77%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.226921-9.03%
  • cardanoCardano(ADA)$0.80-3.89%
  • tronTRON(TRX)$0.264206-1.79%
  • suiSui(SUI)$3.99-4.95%
  • chainlinkChainlink(LINK)$16.60-4.68%
  • avalanche-2Avalanche(AVAX)$24.52-4.64%
  • stellarStellar(XLM)$0.308918-2.06%
  • shiba-inuShiba Inu(SHIB)$0.000016-10.43%
  • hedera-hashgraphHedera(HBAR)$0.209205-2.69%
  • hyperliquidHyperliquid(HYPE)$24.98-1.25%
  • the-open-networkToncoin(TON)$3.32-5.37%
  • piPi(PI)$1.13-25.47%
  • bitcoin-cashBitcoin Cash(BCH)$401.78-3.20%
  • unus-sed-leoUNUS SED LEO(LEO)$8.592.30%
  • polkadotPolkadot(DOT)$5.03-4.27%
  • litecoinLitecoin(LTC)$102.63-0.13%
  • moneroMonero(XMR)$338.68-0.95%
  • pepePepe(PEPE)$0.000014-7.04%
  • bitget-tokenBitget Token(BGB)$4.75-3.46%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.08%
  • uniswapUniswap(UNI)$6.75-5.50%
  • bittensorBittensor(TAO)$464.70-0.42%
  • nearNEAR Protocol(NEAR)$3.10-4.78%
  • aptosAptos(APT)$5.75-4.86%
  • aaveAave(AAVE)$216.60-3.28%
  • okbOKB(OKB)$53.91-2.96%
  • ondo-financeOndo(ONDO)$1.02-6.03%
  • kaspaKaspa(KAS)$0.121573-4.01%
  • internet-computerInternet Computer(ICP)$5.63-6.56%
  • ethereum-classicEthereum Classic(ETC)$19.57-4.27%
  • gatechain-tokenGateToken(GT)$21.94-0.36%
  • crypto-com-chainCronos(CRO)$0.100099-1.47%
  • mantleMantle(MNT)$0.79-4.85%
  • render-tokenRender(RENDER)$5.10-5.56%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250994-6.07%
  • vechainVeChain(VET)$0.030352-7.12%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.91-9.35%
  • ethenaEthena(ENA)$0.384708-7.90%
  • usd1World Liberty Financial USD(USD1)$1.000.12%
  • algorandAlgorand(ALGO)$0.237466-4.21%
  • celestiaCelestia(TIA)$3.22-2.13%
  • filecoinFilecoin(FIL)$3.05-6.39%
  • bitcoinBitcoin(BTC)$103,243.70-1.17%
  • ethereumEthereum(ETH)$2,482.60-3.21%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.554.86%
  • binancecoinBNB(BNB)$652.47-2.69%
  • solanaSolana(SOL)$173.29-1.77%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.226921-9.03%
  • cardanoCardano(ADA)$0.80-3.89%
  • tronTRON(TRX)$0.264206-1.79%
  • suiSui(SUI)$3.99-4.95%
  • chainlinkChainlink(LINK)$16.60-4.68%
  • avalanche-2Avalanche(AVAX)$24.52-4.64%
  • stellarStellar(XLM)$0.308918-2.06%
  • shiba-inuShiba Inu(SHIB)$0.000016-10.43%
  • hedera-hashgraphHedera(HBAR)$0.209205-2.69%
  • hyperliquidHyperliquid(HYPE)$24.98-1.25%
  • the-open-networkToncoin(TON)$3.32-5.37%
  • piPi(PI)$1.13-25.47%
  • bitcoin-cashBitcoin Cash(BCH)$401.78-3.20%
  • unus-sed-leoUNUS SED LEO(LEO)$8.592.30%
  • polkadotPolkadot(DOT)$5.03-4.27%
  • litecoinLitecoin(LTC)$102.63-0.13%
  • moneroMonero(XMR)$338.68-0.95%
  • pepePepe(PEPE)$0.000014-7.04%
  • bitget-tokenBitget Token(BGB)$4.75-3.46%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.08%
  • uniswapUniswap(UNI)$6.75-5.50%
  • bittensorBittensor(TAO)$464.70-0.42%
  • nearNEAR Protocol(NEAR)$3.10-4.78%
  • aptosAptos(APT)$5.75-4.86%
  • aaveAave(AAVE)$216.60-3.28%
  • okbOKB(OKB)$53.91-2.96%
  • ondo-financeOndo(ONDO)$1.02-6.03%
  • kaspaKaspa(KAS)$0.121573-4.01%
  • internet-computerInternet Computer(ICP)$5.63-6.56%
  • ethereum-classicEthereum Classic(ETC)$19.57-4.27%
  • gatechain-tokenGateToken(GT)$21.94-0.36%
  • crypto-com-chainCronos(CRO)$0.100099-1.47%
  • mantleMantle(MNT)$0.79-4.85%
  • render-tokenRender(RENDER)$5.10-5.56%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250994-6.07%
  • vechainVeChain(VET)$0.030352-7.12%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.91-9.35%
  • ethenaEthena(ENA)$0.384708-7.90%
  • usd1World Liberty Financial USD(USD1)$1.000.12%
  • algorandAlgorand(ALGO)$0.237466-4.21%
  • celestiaCelestia(TIA)$3.22-2.13%
  • filecoinFilecoin(FIL)$3.05-6.39%