Mango: The most constructive way to address the issue of this hack is to continue communicating with those responsible for the incident and controlling the funds removed from the protocol

The DeFi platform Mango on Solana released a detailed report on the attack incident. The following incident occurred on the protocol at about 6:00 on October 12, Beijing time: 2 accounts funded by USDC held excessive positions in MNGO-ERP, each transaction The underlying price of MNGO/USD on exchanges (FTX, Ascendex) saw a 5-10x price increase within minutes, causing Switchboard and Pyth oracles to update their MNGO benchmark price above $0.15, further causing unrealized profits to The account value of long MNGO-ERP increases according to the market price, allowing the account to borrow and withdraw BTC (sollet), USDT, SOL, mSOL, USDC from the Mango agreement, making the loan amount of 190 million US dollars equivalent deposits on the platform reach the maximum value, and the net value withdrawn from the account at that time was about $100 million. At 10:37 on October 12, the Mango program instructions were frozen to prevent any further user interaction with the protocol. The priorities for Mango DAO are: prevent any further unnecessary losses, secure depositor funds of the Mango protocol, try to salvage some value of Mango DAO. Mango believes the most constructive way to resolve this issue is to continue communicating with the person responsible for the incident and controlling the funds removed from the protocol to try and resolve the issue amicably.