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Mango Markets oracle manipulation

Mango Markets was manipulated in 2022 through trading that raised collateral value before assets were borrowed.

Reference note · Sources below

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In this article
  1. Overview
  2. Why it matters
  3. What to check
  4. Sources

Overview

Mango Markets was manipulated in 2022 through trading that raised collateral value before assets were borrowed.

Why it matters

A valid market update became economically unsafe because liquidity was too thin for the credit it supported.

What to check

Reconstruct trades, oracle inputs, collateral and borrowing in block order.

Sources

Related reading

markets

Oracle override power

An administrator or small signer set can replace the price that drives credit and liquidation.

markets

Oracle staleness

A correctly signed price can be too old for the market being settled.

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