The DeFi application Mirror Protocol on the Terra blockchain has been attacked again, and more than $2 million has been lost. The fund pools of Bitcoin, Ethereum and Polkadot have been dried up, and the remaining fund pools are linked to stocks. If the vulnerability is in the United States 4:00 ET.
All of its token asset pools will be at risk if it is not repaired during pre-market trading. The Mirror Protocol, which allows users to long or short tech stocks using synthetic assets, runs on the old Terra chain (now called TerraClassic).
Todd Garrison, founder of validator node BlockPane, said the problem is that most validators running nodes on the Terra Classic chain are running an outdated version of the price oracle, and these nodes still give Mirror Protocol the LUNC price of 5UST.
Todd Garrison said, please fix the LUNC price oracle, because in a short time, all liquidity pools will be exhausted, Mirror will generate irreparable bad debts, and the system will collapse on its own.