[GHOST Oracle implements security enhancements after market attack]
Earlier this month, the cryptocurrency community faced a major challenge: two linked wallets attacked the qcKUJI-KUJI pair, triggering forced liquidations and excessive borrowing. The attack involved a newly created Kujira address that was anonymously funded through a secret network and used a price mechanism to significantly manipulate market prices.
The attacker exchanged KUJI for qcKUJI at an abnormal exchange rate, which was completely different from the standard exchange rate of the Quark protocol. This was used to profit from inflationary prices in liquidation and borrowing, causing a chain reaction in the market.
After discovering the problem, developers quickly deployed multiple security updates and patches to close the vulnerability. This includes increasing liquidity for the qcKUJI/KUJI FIN trading pair, fixing critical bugs in the LSD strategy that affected price balance, and lowering borrowing limits to avoid abuse.
In addition, the price providing software used by all validators has been upgraded to enhance the reliability of price reporting under abnormal order status. These improvements are part of an effort to harden the system against similar attacks in the future.
The GHOST Oracle team is keeping an open mind on this issue to ensure the community is informed and alert. They specifically emphasized that in order to prevent imitators from exploiting the same vulnerability, they would not rush to release any details before the problem is resolved.
They wait until they have confirmed system integrity and security and thoroughly tested all patches before sharing intelligence to avoid exposing persistent vulnerabilities. The team expressed its gratitude to the community for its support and patience during challenging times, and assured users that the measures taken were prompt and effective. It also promised to learn lessons from the incident and continue to strengthen security protocols.
