Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Levana Protocol Leveraged for Over $1 Million on Osmosis Blockchain
ADOPTION NEWS

Levana Protocol Leveraged for Over $1 Million on Osmosis Blockchain

By Crypto FlexsDecember 28, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Levana Protocol Leveraged for Over  Million on Osmosis Blockchain
Share
Facebook Twitter LinkedIn Pinterest Email
Security • December 28, 2023 4:58 AM EST

Posted 1 minute ago In ~

Levana, a perpetual swap protocol on the Osmosis blockchain, fell victim to an exploit, resulting in a loss of over $1.1 million from its liquidity pool.

According to an after-action report provided by the team, the exploit occurred over a period of 13 days. Between December 13 and December 26, the attackers drained 10% of Levana’s liquidity pool.

Attackers used a congestion attack on the Osmosis chain to disrupt the ability of Levana users to interact with the marketplace. This was further exacerbated by a bug in Osmosis’ fee market code and a “pricing staleness” in Levana’s Pyth oracle integration, which allowed attackers to manipulate prices and deplete the pool.

“A bug in the Osmosis fee market code means that the gas prices provided during crowded periods are generally insufficient to make trades or perform ongoing bot maintenance activities,” Levana wrote.

The team said there were no vulnerabilities because the Pyth oracle “worked exactly as expected.”

Levana is working on a fix that will be deployed in code upgrades for the chains on which Levana is available: Osmosis, Sei, and Injective.

It added that despite the exploit, existing trading positions and profits were not affected. However, new positions and modifications to existing positions have been temporarily suspended until the update scheduled for next week.

Levana plans to compensate affected liquidity providers through airdrops and distribution of protocol fees collected during the attack period.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Axelar Supports Vertex’s Move Towards Cross-Chain Interoperability

December 13, 2023

With Avalanche’s 200% surge, is it ready to join the top 10 crypto club?

July 15, 2024

BlackRock’s Spot Bitcoin ETF saw $500 million in inflows in its first two days.

January 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.