Lodestar
Hackers copied Mango Markets attacker’s methods to exploit Lodestar: CertiK
According to a post-mortem analysis provided by CertiK of the $5.8 million Lodestar Finance exploit that occurred on Dec. 10, 5. The hacker burned a little over 3 million in GLP, their profit on this exploit was the stolen funds on Lodestar – minus the GLP they burned. 6. 2.8 Million of the GLP is recoverable, which is worth about $2.4 million. We are going to reach out to the hacker and… — Lodestar Finance (,) (@LodestarFinance) December 10, 2022 In a similar instance, CertiK said that Lodestar Finance hackers “artificially pumped the price of an illiquid collateral asset which they then borrow against, leaving the protocol with irretrievable debt.” “Despite some of the losses being potentially recoverable, the protocol is functionally insolvent right n...
