#oracle manipulation

[rwatimes]

Tokenized Google Stock Inflated 7,700% in DeFi Lending Exploit

A DeFi lending market let an attacker mint tokenized Google shares at 7,700% above fair value, exposing how RWA collateral breaks when oracles lag.

➤ An attacker exploited a DeFi lending protocol by inflating the price of tokenized Google stock by 7,700% through oracle manipulation, then borrowing against the inflated value. ➤ This incident highlights the risks associated with RWA collateral in DeFi, particularly when pricing oracles are thin or manipulable, and how tokenized assets inherit on-chain failure modes. ➤ The exploit serves as a cautionary tale for the growing market of tokenized equities, emphasizing that the safety of RWA tokens depends heavily on the integrity of the surrounding DeFi infrastructure.

[rwatimes]

Why the big banks hesitate in front of blockchain

In recent years, the world of traditional finance has begun to look at blockchain with increasing interest.

➤ Banks are hesitant to move trillions of dollars onto blockchains due to significant risks like AI-powered hacks, smart contract vulnerabilities, and cross-chain exploits. ➤ The increasing sophistication and resources of attackers, amplified by AI, create a security gap compared to the limited budgets of protocol defense teams. ➤ Overcoming these security challenges with advanced solutions is crucial for traditional finance to embrace blockchain for large-scale asset management.

[rwatimes]

Wall Street’s trillion-dollar dilemma: Why AI-powered hackers are keeping big banks off the blockchain

CertiK CEO and co-founder Ronghui Gu says April was the worst month for DeFi in four years with exploits on 27 out of 30 day

➤ Traditional financial institutions are hesitant to move trillions of dollars onto the blockchain due to significant security risks, including AI-powered hacks. ➤ Near-daily exploits targeting smart contracts, oracles, and bridges, exacerbated by AI, are a major barrier to large-scale institutional adoption of tokenized assets. ➤ The article highlights the 'unfair game' where well-funded attackers outspend budget-constrained defenders, creating systemic vulnerabilities that deter conservative capital allocators.