Incident All ledgers
Mango Markets V3: $115.0m
Mango Markets V3 lost $115.0m on 11 October 2022. Ranked 39th of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 11 October 2022
- Lost
- $115.0m
- Returned or repaid
- None recorded
- Target
- DeFi Protocol
- Category
- Oracle Manipulation
- Method
- Spot Price Manipulation
- Chains
- Solana
Mango Markets V3 lost about $115 million after an attacker used $5M to open a MANGO-PERP position and pump the spot price from another account, inflating collateral to borrow $110-116M against manipulable price feeds.
Against the ledger
- It ranks 39th of the 1,272 incidents with a known loss, and 8th in 2022.
- It accounts for 15.3% of the $750.9m in known losses in October 2022.
- 159 incidents in the ledger are classified as Oracle Manipulation, for $894.1m in total. This one is 12.9% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 27 Oct 2021 | CREAM Lending | $130.0m | DeFi Protocol | Spot Price Manipulation | — |
| 18 May 2021 | Venus Protocol | $100.0m | DeFi Protocol | Spot Price Manipulation | — |
| 19 May 2021 | Bunny | $45.0m | DeFi Protocol | Spot Price Manipulation | — |
| 21 Sept 2021 | Vee Finance | $34.0m | DeFi Protocol | Spot Price Manipulation | — |
| 12 May 2021 | xToken | $24.0m | DeFi Protocol | Spot Price Manipulation | — |
All failures in 2022 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “Mango Markets V3, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/mango-markets-v3-2022-10-11/. How this is built