Original sourceETHNews
Summary
On September 1, the Binance-backed Layer-1 blockchain Injective suffered a sophisticated attack. The attacker exploited a vulnerability in the binary options module's refund/settlement path, using a self-created market and fake oracle to steal approximately $4.9 million from the insurance fund. Inj…
Key points
- Reminds DeFi projects to pay attention to security risks in oracle governance and market creation permissions.
- This event highlights how design flaws in DeFi modules can lead to significant losses.
- DeFi projects must strengthen market creation and oracle parameter validation to prevent similar attacks.
Editorial note
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