Developers of the Solend lending protocol on the Solana base reported an attack on three lending pools that led to “bad debt of $1.26 million.”
An oracle attack on USDH affecting the Stable, Coin98, and Kamino isolated pools was detected, resulting in $1.26M in bad debt. All other pools including the Main pool are safe.
Affected pools have been disabled and exchanges have been notified of the exploiter’s address.
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“An oracle manipulation attack on USDH affecting the Stable, Coin98, and Kamino isolated pools was detected. The affected pools have been disabled, and exchanges have been notified of the exploiter’s address,” the statement said.
The protocol team added that an unknown actor exploited a flaw in the project’s price oracle. A detailed incident report from Solend has not yet been published.
Earlier in October, an unknown actor siphoned digital assets worth about $116 million from the Mango Markets trading and lending DeFi platform on Solana.
The head of the FTX exchange, Sam Bankman-Fried, said that the attacker was enabled not by malfunctioning price oracles, but by flaws in the risk-assessment system.
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