The hidden dangers in the DeFi market are becoming increasingly apparent. According to the latest statistics, price manipulation attacks related to oracles in the third quarter increased by 150% month-over-month, with 23 incidents occurring in a single quarter, resulting in direct economic losses of over $180 million.
Attackers employ a variety of methods. Some borrow large amounts through flash loans and then manipulate low-liquidity trading pools to create false price signals; others directly buy nodes within the oracle network to manipulate the source data behind closed doors; and some exploit the time difference in block confirmations to complete arbitrage trades before price information is synchronized.
A new generation of oracle solutions is beginning to emerge. They mainly rely on multi-source verification mechanisms and zero-knowledge proof technology to enhance data authenticity and security. While they cannot be said to have completely solved the problem yet, they at least offer a glimmer of hope for this ecosystem. For DeFi users, it’s important to stay vigilant when choosing protocols and liquidity pools.
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LiquidationWatcher
· 19h ago
$180 million just disappeared like that. Oracles really need to get their act together.
I’ve always said that the flash loan trick is just waiting to be exploited; low liquidity pools are just sitting ducks.
Nodes being compromised? Isn’t that just a variant of centralization? LOL.
Zero-knowledge proofs sound good, but can they really be implemented effectively? I remain skeptical.
DeFi really needs to regulate itself; otherwise, when regulators come, it’s game over.
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HodlOrRegret
· 20h ago
The flash loan pump-and-dump scheme is really clever; it can deceive people every time. 180 million USD just disappears like that.
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HalfIsEmpty
· 20h ago
1.8 billion gone, that's why I only dare to hold half my position, everyone.
Lightning loan schemes are so deep, I have to rename it to full empty to feel at ease.
Oracle was bought out? Bro, wake up, this is the essence of centralization.
With this data out, does anyone still dare to buy low liquidity pools?
Zero-knowledge proofs sound impressive, but I still can't trust them. Keep holding half, everyone.
150% growth? My goodness, DeFi is increasingly looking like a casino.
I knew the moment the node was hacked and bought out, we have no sense of security at all.
Multi-source verification sounds good, but can it withstand wealthy attackers? Question mark.
$1.8 billion, this amount could make us retail investors lose for three years.
Oracles are like the lifeblood of DeFi, yet they are being blocked by someone.
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ser_ngmi
· 20h ago
1.8 billion gone, and that's why I'm still watching on the chain...
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That set of flash loans is really awesome; I don't even dare to touch pools with low liquidity anymore.
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Buying nodes? That's the most disgusting thing. Who would trust the oracle now?
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Zero-knowledge proofs sound impressive, but can they really solve the problem? Still need to take a closer look.
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Every time there's a new plan claiming to save the market, it crashes again. So annoying.
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1.8 billion wasted, which projects had issues? Hurry up and do some digging.
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No wonder my LPs keep getting inexplicably dumped; turns out these guys are up to no good.
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Having trouble choosing liquidity pools? Is there still a safe place?
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Multi-source verification and zk proofs again—sounds impressive but can they be practically used?
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A glimmer of hope? I see it as a glimmer of despair.
The hidden dangers in the DeFi market are becoming increasingly apparent. According to the latest statistics, price manipulation attacks related to oracles in the third quarter increased by 150% month-over-month, with 23 incidents occurring in a single quarter, resulting in direct economic losses of over $180 million.
Attackers employ a variety of methods. Some borrow large amounts through flash loans and then manipulate low-liquidity trading pools to create false price signals; others directly buy nodes within the oracle network to manipulate the source data behind closed doors; and some exploit the time difference in block confirmations to complete arbitrage trades before price information is synchronized.
A new generation of oracle solutions is beginning to emerge. They mainly rely on multi-source verification mechanisms and zero-knowledge proof technology to enhance data authenticity and security. While they cannot be said to have completely solved the problem yet, they at least offer a glimmer of hope for this ecosystem. For DeFi users, it’s important to stay vigilant when choosing protocols and liquidity pools.