DeFi Protocol Solido Money Hit by Oracle Pricing Exploit Worth $900K

A DeFi protocol called Solido Money has been hit by an oracle pricing exploit that drained 293.7 million SUPRA tokens, worth around $900,000.

The incident occurred in two separate attack waves, with the first wave carried out through a single atomic transaction and the second wave repeated manually across five separate wallets.

The attackers used the mispriced collateral to mint CASH, Solido's stablecoin, which was then sold for SUPRA. The protocol traced around 220 million SUPRA, nearly 90% of the stolen funds, to a suspected Gate.io deposit address.

Solido's chain now holds just $950,000 in total value locked, and its token is down 94% over the past year. The protocol has asked exchanges to help preserve and recover the traced proceeds without naming Gate.io directly.