POST Illiquid

This week, DeFi project Moola Markets retrieved 93% of the $9.1M they lost in an exploit after negotiating with the culprit. This came on the heels of a similar exploit last week of Mango Markets, which resulted in the exploiter keeping $47 million and returning the other $67 million. These incidents were unique in that individuals were able to successfully manipulate prices due to thin liquidity in the pools – different from the code exploits we’ve typically seen this year in hacks of DeFi services.