Only a few days after the Binance Chain bridge hack, USD 114 million were stolen by a hacker by manipulating the price oracles of Mango Markets... On Solana blockchain... All the liquidities were drained. Then the hacker submitted a proposal to reinject liquidities with the condition that the stolen funds will not be frozen. With all the Mango MNG tokens that he had stolen, he could vote for himself...
That's only facts... But some ideas should come next: How to make DeFi more secure? Should it remain fully decentralized or is it recommended to add a bit of centralization? Is it easier to hack a small protocol on Solana than a big one on Ethereum and what will be the next big hack? Could it lead to DeFi death?
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
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