Try Quests to earn SOLSolana Since The Mango Hack
Observation
- According the above data we can see in 11 oct 2022 whe had almost 11M transactions when the Mango was hacked
the most transactions was in 8M in serum and 1.8M in mango markets
in total mango market for 17% of the transactions related to defi
- in 11 oct 2022 whe had the most users in octobr with almost 6.5K users when the Mango was hacked
the most users related to defi in 11oct 2022 was in 4.2k for serum and 905 for solend
Observation
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according the above chart since mango hacked, kraken,ftxand coinbase are three CEXs which had most amount of $SOL transfer among all CEXs with 38% and 29% and 27% FTX with 257K $SOL,Kraken with 298K $SOL ,coinbase With 264K $SOL
Bar chart shows increasing trend for CEX amount of $SOL transfer which maxed on Oct 13th with 2.1M $SOL, after the Mango Hack
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according the above chart since mango hacked,kraken and bitfinex are two CEXs which had most amount of average $SOL transfer among all CEXs with 54% and 20%,kraken with 754$SOL and bitfinex 547$SOL
Observation
According the above data we can see Swaps in programs
the raydium have 51% of count swaps
in 11 oct we had the most count of swaps with mostly 80K Swaps and Raydium with 44K count swaps
and Juptier have the most Swappers with 52.9% in 11 oct we had the most Swappers and Juptier with 10.9K swappers
the raydium and juptier have the most swaps and swappers among all programs
Observation
According the left chart we can see top sellers of Mango after hack,
this address
GaLUQAjCwxGgTDG3ixy4MiFVBBx3txNupQWpcCn8Wsbw have the most mango selling with 2.8M mango
after it this address
GinwSnwbsjkWXkancBr5E6EPrQtKdwnE5vPdriv1tK3i
with 1.9M Mango Selling
According the left chart we can see top buyers of Mango after hack,
this address
GinwSnwbsjkWXkancBr5E6EPrQtKdwnE5vPdriv1tK3in8Wsbw have the most mango buying with 5M mango
after it this address
GaLUQAjCwxGgTDG3ixy4MiFVBBx3txNupQWpcCn8Wsbw
with 2M Mango buying
Observation
- acoording the above data we can see since mango hacked,FTX and coinbase are had the most of the transactions
FTX with 51% and coinbase with 36.5 of transactions
the next two CEXs are Kraken and Huobi
- according the above chart since mango hacked,FTX and coinbase are had the most number of users among all CEXs
coinbase with 47.9% and 3K users and FTX with 38% and 2.4K users
we can see in Bar chart decreasing trend for CEX users after the Mango Hack
Mango Hack
On Tuesday, 11th October, Mango Markets has been hit with a reported exploit of over $100 million through an attacker manipulating price oracle data, allowing them to take out under-collateralized cryptocurrency loans.
The exploit was first identified by blockchain security firm OtterSec, which tweeted the exchange had been drained of over $100 million due to the attacker manipulating the value of its MNGO native token collateral, then taking out “massive loans” from Mango’s treasury.
The Mango Markets team tweeted soon after, warning users not to deposit funds until “the situation was more clear” and asking the attacker to contact them to discuss a bug bounty.
The team later confirmed the manipulation of a price oracle — a price data feed of the value of its MNGO token — and stated that it had disabled deposits while it continued investigations of the incident.
The exploiter’s account on the platform shows the three largest withdrawals were for $50 million worth of USD Coin (USDC tickers down $1.00), over $26.7 million worth of a Solana staking token called Marinade Staked SOL (mSOL), and nearly $24 million worth of Solana’s SOL (SOL tickers down $32).
> this hack comes less than a week after BNB Chain lost $100 million
Introduction
Mango Markets provides a single venue to lend, borrow, swap, and leverage-trade crypto assets through a powerful risk engine.
- Earn interest on deposits
- Cross-Margin / Cross-Collateralised
- Decentralised
Mango Markets is built on the Solana blockchain and utilises Serum DEX for spot margin trading while perpetual futures are traded on Mango Markets' own order book. Mango Markets is governed by MNGO token holders via the Mango DAO. Mango Markets is completely open source, we see this transparency as vital for the project as it increases the amount of people who understand and can improve the project. The DAO frequently sponsors grants for developers to extend, integrate with or try to break the project. Present your idea on the governance forum if you would like to receive financial support.
There are a number of ways to connect your trading system to the Mango Markets' on-chain programme. The easiest way for traders who are used to centralised exchanges, is to use the REST & WebSocket API that was purposefully designed to be easy to integrate. If you want to have the highest level of control, you will most likely want to communicate directly with the blockchain using one of the existing open source wrappers for TypeScript, Python or .NET.
If you are looking to get an overview of current & running efforts, we recommend that you join the biweekly developer calls on Discord (every two weeks on Saturday at 4PM UTC). If you just want to get started on a small project and contribute as part of a Hackathon, check out the Trello. The tasks there are proposed by different community members, usually not on the roadmap of any core developer and open for anyone to start.
Methodology
in this dashboard we will analyze mango markets hack
i use Flipside data for analysis this dashboard
i use this contracts
Mango Market V3: mv3ekLzLbnVPNxjSKvqBpU3ZeZXPQdEC3bp5MDEBG68
Mango Market V2: 5fNfvyp5czQVX77yoACa3JJVEhdRaWjPuazuWgjhTqEH
Mango Market V1: JD3bq9hGdy38PuWQ4h2YJpELmHVGPPfFSuFkpzAd9zfu
MNGO Token: MangoCzJ36AjZyKwVj3VnYU4GTonjfVEnJmvvWaxLac
Subjet in this dashboard:
- analysis Defi transactions and users
- analysis transfer to Cexs transactions
- analysis amount of Sol transfered to Cexs and Average transfer
- analysis program swaps
- analysis Mango markets
- analysis staking activity
Transactions and users
Transfer to Cexs
Swaps
Mango Markets