The deliberate act of altering or distorting the external data feeds, or oracles, that supply real-world price information to smart contracts on a blockchain. This manipulation can lead to incorrect asset valuations, triggering unfair liquidations in lending protocols or enabling attackers to profit from arbitrage opportunities. Price feed manipulation is a significant security vulnerability in decentralized finance, as many protocols rely on accurate external data for their core operations. It undermines the integrity of automated financial systems.
Context
Incidents of price feed manipulation regularly appear in crypto news, often detailing substantial losses for decentralized finance protocols and their users. These attacks highlight the critical importance of secure and robust oracle infrastructure. The industry is continually working to enhance the decentralization and resilience of price oracles, employing multiple data sources, aggregation mechanisms, and economic incentives to deter and prevent such malicious activities.
The $129M loss from oracle and access control exploits exposes critical systemic infrastructure risks, demanding a re-evaluation of multi-chain security primitives.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
