The protocol lost 10% of its liquidity due to this occurrence, which was a major loss.
A bug in the Osmosis fee market code made this scenario much worse.
An attack was found in the Levana perpetual swap protocol on the Osmosis blockchain. Someone without authorization took over $1.1 million from Levana’s liquidity pools over the course of 13 days. The protocol lost 10% of its liquidity due to this occurrence, which was a major loss.
Many factors contributed to the disaster, according to investigations. The Osmosis blockchain was subject to a congestion assault, which drastically limited user interactions with the market. A bug in the Osmosis fee market code made this scenario much worse. Gas prices for bot maintenance or transactions required to be raised during times of heavy traffic.
Operations Temporarily Suspended
The exploit also took advantage of the fact that Levana’s integration with the Pyth oracle was “price staleness’”. Because of these interrelated issues, the perp
We współpracy z: https://thenewscrypto.com/levana-protocol-suffers-1-1m-attack-halts-operations/
