[ad_1] <br><div><p>Solana-based <a target="_blank" href="https://www.coindesk.com/learn/what-is-defi/" rel="nofollow noopener" data-ylk="slk:decentralized finance" class="link ">decentralized finance</a> (DeFi) protocol Solend has suffered an exploit in relation to pricing oracles, leading to $1.26 million in unhealthy debt.</p><p>The exploit was centered across the hubble stablecoin (USDH) and affected the Steady, Coin98, and Kamino lending swimming pools, in line with a <a target="_blank" href="https://twitter.com/solendprotocol/status/1587671511137398784" rel="nofollow noopener" data-ylk="slk:tweet" class="link ">tweet</a> by Solend.</p><p>A <a target="_blank" href="https://www.coindesk.com/tech/2020/12/22/what-is-an-oracle/" rel="nofollow noopener" data-ylk="slk:pricing oracle" class="link ">pricing oracle </a>is a supply of knowledge that gives asset values for blockchains. Hacks and exploits associated to decentralized finance, which is a type of lending that takes place with out intermediaries, have surged over the previous month. Safety agency Chainalysis <a target="_blank" href="https://www.coindesk.com/tech/2022/10/13/october-becomes-worst-month-for-crypto-hacks-with-two-weeks-to-go/" rel="nofollow noopener" data-ylk="slk:reported that $718 million had been stolen" class="link ">reported that $718 million had been stolen</a> within the first two weeks of October.</p><p>Solend mentioned the three swimming pools have been disabled and that exchanges have been notified of the exploiter's deal with.</p><p>Final month, Mango Markets – one other Solana DeFi protocol, <a target="_blank" href="https://www.coindesk.com/business/2022/10/11/breaking-news-solana-based-decentralized-finance-platform-mango-hit-by-potential-100-million-exploit/" rel="nofollow noopener" data-ylk="slk:lost over $100 million" class="link ">lost over $100 million</a> in an exploit that manipulated the MNGO worth on a pricing oracle earlier than cashing out a nine-figure sum.</p></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiS2h0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9kZWZpLXByb3RvY29sLXNvbGVuZC1zdHJ1Y2stMS0xMDA5MTE1NDEuaHRtbNIBU2h0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL2RlZmktcHJvdG9jb2wtc29sZW5kLXN0cnVjay0xLTEwMDkxMTU0MS5odG1s?oc=5">Source link </a>