Inverse Finance exploited again for $1.2M in flashloan oracle attack

No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds. Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC).Inverse Finance is an Ethereum based decentralized finance (DeFi) protocol and a flashloan is a type of crypto loan that is usually borrowed and returned within a single transaction.

This oracle data provider platform has surpassed 4 million nodes since inception

The protocol has weathered multiple bear markets and has nearly 250 million data payloads and counting.

Polkadot Developers Gains Access to Chainlink Oracle Through Moonbeam Integration

Thanks to the latest integration of Chainlink oracle into the Moonbeam smart contract platform, developers in the broader Polkadot ecosystem can now access reliable price feeds as they seek to build functional DApps (Read More)

MEXC Global announces partnership with Pyth Network

MEXC Global, a leading digital asset and cryptocurrency trading platform, has today announced a partnership with the Pyth Network, an oracle solution that brings real-world data on-chain at a sub-secoThe post MEXC Global announces partnership with Pyth Network appeared first on AMBCrypto.

Chainlink (LINK) Bounces Nearly 25% After Release of New Long Term Roadmap

Decentralized oracle network Chainlink (LINK) is surging after the release of a new roadmap for its future.

LINK marines rejoice after Chainlink 2.0 brings a new roadmap and staking

LINK price broke its downtrend and rallied to $9 after the developers released a roadmap and announced that Chainlink 2.0 includes token staking. Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action.The latest token to get a bump in its price after announcing the upcoming implementation of staking is Chainlink (LINK), the decentralized oracle network that provides important off-chain information needed for the proper functioning of smart contracts.

Chainlink launches price feeds on Solana to provide data to DeFi developers

Solana co-founder Anatoly Yakovenko noted that the integration will be beneficial to DeFi developers building on the platform. Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain.

Luna Classic (LUNC) pricing error leads to Mirror Protocol exploit

An error on the pricing oracle software for Terra Classic validators opened the door for an exploiter to drain four synthetic asset pools from the Mirror Protocol. A mismatch in the reported price of underlying assets on synthetic assets DeFi platform Mirror Protocol has caused an ongoing exploit that has the potential to drain all of its funds.The exploit was observed on May 29 by governance participant ‘Mirroruser’ on the protocol’s forum.