Oracle Manipulation

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Oracle Manipulation

What is Oracle Manipulation?

Oracle manipulation, also known as oracle price manipulation, is a popular vulnerability in the DeFi sector where attackers alter an Oracle smart contract, resulting in system failure, theft, and other damages. According to reports, DeFi networks lost more than $33 million in 2020 alone as a result of pricing oracle manipulation. Oracles are independent service providers who provide external or real-world data t

blockchains, such as price feeds, weather reports, statistics, etc. Since they enable thieves to steal millions of dollars from DeFi platforms, price feeds are by far the most exploited oracle data.

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