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Ledger Nano X - The secure hardware wallet
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DeFi Protocol Tender.fi Hacker Returns $1.6M Following Pricing Oracle Glitch

11 March 2023
in Market
Reading Time: 1 mins read
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DeFi Protocol Tender.fi Hacker Returns .6M Following Pricing Oracle Glitch
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The attack occurred after Tender.fi upgraded its price feed to relay data from a Chainlink pricing oracle as opposed to a time-weighted average price (TWAP). Tender.fi’s code, which was audited by PeckShield, contained an error and returned a number with too many zeros behind it. That meant the attacker was able to deposit one GMX token, worth around $70, effectively tricking the system into allowing infinite borrows, according to a postmortem published on Tender.fi’s Medium page. There was no issue with the Chainlink oracle itself.

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