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Market Manipulation Leads to $100M Exploit on Solana DeFi Exchange Mango

A rogue crypto trader utilized millions of dollars to manipulate the prices of Mango’s MNGO tokens on the namesake Solana-based decentralized exchange (DEX) to eventually drain over $116 million in liquidity from the platform. "The Hash" panel discusses the details of the hack and revelations about the vulnerabilities of DeFi.

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Centralized or Decentralized?

BNB Chain and Solana outages raise questions around the centralization of blockchains. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Paano Nauwi ang Pagmamanipula sa Market sa $100M na Exploit sa Solana DeFi Exchange Mango

Sinamantala ng negosyante ang kakulangan ng pagkatubig sa pamamagitan ng pagmamanipula sa presyo ng MNGO sa desentralisadong palitan, Mango.

Attackers drained all liquidity from the affected QuickSwap pool. (Shutterstock)

Merkado

Mango Markets Exploiter Nagbibigay ng Ultimatum: 'Babayaran ang Masamang Utang'

Iminumungkahi ng Hacker na ibalik ang ninakaw na MSOL, SOL at MNGO kung mangangako ang Mango Markets na babayaran ang masamang utang gamit ang USDC na makukuha sa treasury nito.

(Towfiqu Barbhuiya/Unsplash)

Pananalapi

Solana-Based Decentralized Finance Platform Mango Tinamaan ng $100 Million Exploit

Bumaba nang mahigit 40% ang token ng MNGO ng Mango matapos magdusa mula sa pinakabagong malawakang pagsasamantala sa Finance ng desentralisado.

Sliced mango served up on a table (Desirae Hayes-Vitor/Unsplash)

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GSR Markets Exec on Crypto Buying Opportunities

"It's becoming clear that there are more and more buying opportunities for [crypto protocols] which are revenue generating ... similar to the kind of TradFi opportunities that followed the great financial crisis in 2009," GSR Markets Global Head of Product Benoit Bosc says, naming Ethereum, Solana, Avalanche and NEAR.

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Web3 Gaming a Long Way From Mainstream Adoption: Survey

A study from Coda Labs shows only 3% of gamers own a non-fungible token (NFT) and generally don’t have positive feelings about crypto. Michael Wagner, CEO of Solana-based NFT game Star Atlas, discusses the state of Web3 gaming and the traditional gamer community.

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Solana NFT Sales Jump in September Amid High Profile Projects: Report

DappRadar data reveals that Solana NFT sales in September hit nearly $133 million, nearly double the $68.5 million from the previous month. “The Hash” team unpacks the outlook for Solana and the digital collectibles market amid crypto winter.

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FTX Ventures, Jump Crypto Lead Funding Round in Executable NFT Wallet Startup

Solana-based developer Coral has raised $20 million in a strategic funding round co-led by the venture capital arm of FTX and Jump Crypto. The capital will go toward building out the first flagship product, Backpack, a wallet for executable non-fungible tokens or xNFTs. “The Hash” panel discusses what this means for NFT developments.

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