⚡ Morpho Oracle Attack Nets $36M
A coordinated attack used TWAP purchases of Pendle YT-reUSD to manipulate Morpho's PT-reUSD oracle, triggering roughly $36.39M in liquidations across 12 borrowers.
The attacker captured about 96% of the liquidated collateral for an estimated $1.3M profit, while reUSD held its peg and no bad debt was incurred.
A coordinated attack used TWAP purchases of Pendle YT-reUSD to manipulate Morpho's PT-reUSD oracle, triggering roughly $36.39M in liquidations across 12 borrowers.
The attacker captured about 96% of the liquidated collateral for an estimated $1.3M profit, while reUSD held its peg and no bad debt was incurred.
