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Unknown deduced digital assets worth about $ 116 million from the Mango Markets trading and credit platform based on Solana.
http://dl4.joxi.net/drive/2026/10/13/0048/3474/3202450/50/cd225150cc.jpg
The attacker used a deposit of 5 million USDC to manipulate the price of MNGO's native token by opening a large margin in unlimited swaps. Due to the low liquidity in the spot market, the asset price jumped from $ 0.038 to $ 0.91 — by about 2295% on time%.
http://dl4.joxi.net/drive/2026/10/13/0048/3474/3202450/50/0fcc9f9be3.jpg
The increase in the value of collateral in MNGO allowed the hacker to borrow and withdraw funds from the protocol in several coins.
http://dl3.joxi.net/drive/2026/10/13/0048/3474/3202450/50/80d2bdbc15.jpg
http://dl3.joxi.net/drive/2026/10/13/0048/3474/3202450/50/586edc298f.jpg
Over the day, the price of MNGO token fell by more than 43% — to $ 0.022 ( CoinGecko ). According to DeFi Llama, the cost of funds blocked in the protocol fell to $ 200.
http://dl3.joxi.net/drive/2026/10/13/0048/3474/3202450/50/a59c68482d.jpg
The Mango team confirmed that the oracle worked « as they should have ».
http://dl4.joxi.net/drive/2026/10/13/0048/3474/3202450/50/51a3f31831.jpg
Recall that in the third quarter of 2026, losses of the Web3 ecosystem from hacks and fraud amounted to $ 428.7 million.
Of the total indicator for hacker attacks, $ 399 million came. Most of the losses were brought by two incidents — with the Nomad cross-protocol ( $ 190 million ) and the Wintermute marketer ( $ 160 million ).
http://dl4.joxi.net/drive/2026/10/13/0048/3474/3202450/50/cd225150cc.jpg
The attacker used a deposit of 5 million USDC to manipulate the price of MNGO's native token by opening a large margin in unlimited swaps. Due to the low liquidity in the spot market, the asset price jumped from $ 0.038 to $ 0.91 — by about 2295% on time%.
http://dl4.joxi.net/drive/2026/10/13/0048/3474/3202450/50/0fcc9f9be3.jpg
The increase in the value of collateral in MNGO allowed the hacker to borrow and withdraw funds from the protocol in several coins.
http://dl3.joxi.net/drive/2026/10/13/0048/3474/3202450/50/80d2bdbc15.jpg
| « We are currently investigating an incident in which a hacker withdrew funds from Mango by manipulating oracle prices », — the project team wrote. |
http://dl3.joxi.net/drive/2026/10/13/0048/3474/3202450/50/586edc298f.jpg
Over the day, the price of MNGO token fell by more than 43% — to $ 0.022 ( CoinGecko ). According to DeFi Llama, the cost of funds blocked in the protocol fell to $ 200.
| « It was not an attack by oracle manipulation, but rather a classic pump & dump. The oldest risk in the history of combined lending protocols. The price of MNGO went beyond the legitimate $ 0.3 for a couple of minutes. The oracle worked accurately, just bad risk parameters », — An analyst commented on the incident under the nickname foobar. |
http://dl3.joxi.net/drive/2026/10/13/0048/3474/3202450/50/a59c68482d.jpg
The Mango team confirmed that the oracle worked « as they should have ».
http://dl4.joxi.net/drive/2026/10/13/0048/3474/3202450/50/51a3f31831.jpg
Recall that in the third quarter of 2026, losses of the Web3 ecosystem from hacks and fraud amounted to $ 428.7 million.
Of the total indicator for hacker attacks, $ 399 million came. Most of the losses were brought by two incidents — with the Nomad cross-protocol ( $ 190 million ) and the Wintermute marketer ( $ 160 million ).
