How Market Manipulation Led to a $100M Exploit on Solana DeFi Exchange Mango

All in all, the rogue trader used over 10 million USDC to take out over $116 million from Mango, paying minimal fees for conducting the attack and doing everything within the parameters of how the platform was designed. Mango wasn’t hacked, it worked exactly as intended, and a savvy trader, albeit with nefarious intentions, managed to wring token liquidity out.