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@stablekwon @mirror_protocol Please look into fixing the LUNC price oracle, because in a short while, all liquidity pools will be drained, Mirror will accrue irremediable bad debt, and the system will collapse in on itself. This is not the time to be negligent. (4/4)
PS. Shout-out to Mirroruser (https://forum.mirror.finance/t/another-exploit/3511 …) who discovered the exploit, and a huge thank you to @Die_Nub_Plz who helped me confirm and unpack the findings from the thread. This exploit is depressing (and almost comical), but we can still save people, so please act fast.
PPS. This entire Mirror situation is a huge blow for me (and the crypto space in general), because personally, I truly believed that a decentralized stock market free of government control was one of the most powerful use cases for this technology. I hate to see it die like this.
PPPS. This is how the oracle can be saved. We need an urgent call to action in all validator channels.https://twitter.com/blockpane/status/1531369644531101696 …
PPPPS. It looks like nothing will be done and the project will collapse tomorrow for sure (there are other vectors too), so get all your money out of Mirror right now. Tell anyone who has money in Mirror to withdraw and sell their assets. Pretty soon there will be nothing left.
If anyone wants to dig deeper, mGLXY and the mCryptos being exploited and not anything listed on the main exchange is a bit strange
I believe it's because the Band oracle hasn't kicked in yet, it should in 12 hours when pre-market opens
as a talking head from the precious metals community I found this very serious. have you received any comments from Mirror people or @stablekwon ?
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