Mango Markets
Solana Ecosystem · Shallow
A cross-margin trading protocol on Solana exploited in October 2022 for $114M by Avraham Eisenberg via oracle price manipulation. The exploit involved artificially inflating the MNGO token price to borrow against inflated collateral. The incident led to industry-wide improvements in oracle design, risk parameters, and protocol governance. Mango Markets was discontinued following the exploit and subsequent legal proceedings.