Posted 12/29/2023, 9:00:35 PM
Levana Protocol Decentralized Exchange Hacked for $1.14 Million Over 13 Days
- Decentralized exchange Levana Protocol on Osmosis hacked for $1.14 million in crypto
- Attack exploited congestion and price staleness to manipulate oracles over 13 days
- 10% of Levana's liquidity pools impacted; existing pools not at further risk
- Levana to compensate affected liquidity providers via future airdrops and fees
- Native token LVN down 34% over past week amid hack and market conditions