BonqDAO Protocol Loses $120M After Oracle Hack

The decentralized autonomous organization was subjected to a significant smart contract hack, which resulted in a loss of $120 million.  Smart Contracts Manipulated  On Feb 1st, the DAO disclosed on Twitter that it had been subjected to an oracle hack. Furthermore, it revealed that the exploiter was able to manipulate the price of its AllianceBlock token (ALBT), that led to a mass liquidation resulting in losses worth millions of dollars.  AllianceBlock also updated the community on Twitter,  “There has been a recent incident involving several ALBT Troves on Bonq, with the attacker gaining access to around 110M ALBT. The incident

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Author: NixCoin