Finally Chainlink gets the first oracle failure since inception, right before smartcon xD, never do I want to hear that Chainlink is the superior Oracle ever again
>>61254194proof?
>>61254202
>>61254229First of all: there is no evidence this is related to Chainlink. Second of all: even if this was related to Chainlink, the oracles worked as expected. Not a hack.
>>61254255This but unironicallyChainlink is the truth.
>>61254255>First of all: there is no evidence this is related to Chainlink.my dude its all there in the pictures, you can verify if you go on twitter.
>>61254267>Second of all: even if this was related to Chainlink, the oracles worked as expected. Not a hack.
>>61254258Chainlink is the golden record.
>oracle worked as intented>it allowed the exploit oracles are completely useless
>>61254267>verify if you go on twitterLike with blue check marks?
its over
>>61254229It's fucking over
Oh boy, I'm sure it's actually Chainlink this time and not another pajeet tier implementation that violates 10 best practices or some retarded 3rd party mechanism! Can't wait to see the post-mortem.
>>61254298nvm unironically might be a falseflag attack by xrp
>>61254298>>61254326refer to >>61254255
>>61254255>the oracle worked as expected>reported the false price>as expectedit worked as expected for me because i expect chainlink to shit the bed but you... holy fuck what a delusional bagholding faggot you are
>>61254326>xrpRent free
>>61254366What was the true price of wrst then?
it worked as expected
>>61254326>>61254375I dug a bit deeper, it was not the base pair of eth/usd but the wrsETH (rsETH/ETH) pair price which was falsely reported. Apparently moonwell uses the base price feed from chainlink to then multiply and scale with another oracle to pull the wrsETH price, that was the fault point probably. So in essence, it was either the 2nd oracle that was wrong or someone manipulated the wrsETH price
>>61254423we're reaching cope levels that shouldn't be possible
>>61254431We'll see. My money is on "this angle is cope by fuddies who want to see a link oracle failure" and not on "this time it's actually different!"
>>61254431just post the trnx hash already
>>61254229kek the top replyx.com/rekt_369/status/1985637607728988500
>go to pictures>not chainlink fault???
>>61254320Yeah exactly this
The Chainlink oracle didn't flinch.
>>61254255Shut the fuck up and stop damage controlling, it's fucking over this piece of shit coin cost us our future to just be Luna 2.0 while never mooning, thanks for playing and no crying in the casino
>>61254567>no crying in the casinofunny since clearly you are the one crying and being emotional lol
>>61254487For me, it's the replies on that top comment. >Quant baggie >Gilbert Verdian profile pic >pls delete>link le bad!
>>61254627I'm not crying because I'm not a LINKie now chart and uhm price
>>61254194>>61254229ill explain this quick and ez because shitting on whatever new fud angle the brownoid fags in the fuddie groupchat came up with is always fun for me, while making them seethe:sowrsteth is not a native link supported data feedmoonwell used a shitty pricing mechanism with bad adapter logic on wrsteth that showed 5.8m instead of 3kif they had used the usual link eth feed instead of trying to run whatever scam they're trying to do with their badly adapted garbage, exploit wouldnt have been possibletime for you brain-damaged fudcucks to go figure out something else to try and spam this week, since this is dead and "being able to choose your build rewards is actually bad" died today as wellor just kys, the world would be a better place for it if you did
This is what happens when everyone goes to party in NYC for SmartCon, no one is left to manage the oracle control center. Bound to happen
>>61254738>wrsteth is not a native link supported data feedthis
>>61254431you actually have no idea what you're talking about which is good, because the people knowing the technicals won't switch off chainlink for something that wasn't even their fault lol
>>61254738And it was probably (almost certainly) an inside job by the same pajeet faggot at moonwell who set up the shitty system.
>be retard>take a chainlink oracle>set it up so it connects to a custom source>edit the source>AHAHAHHA LOOK CHAINLINK ORACLE FAILED CHAINLINK BTFO PLEASE SWITCH TO OUR PRODUCT INSTEAD!!
>>61254809so what is the point of oracles if you can fuck up the source and still exploit shit?
>>61254843What's the point of transportation companies if you can fuck up the cargo they transport?
>>61254843well its dev tool provision. What happened was more like, they used functions that were reserved to manipulate the price for non-critical things and are advised as such by chainlink in the toolkit and the moonwell team for some reason decided to hook-in their own price lookup at the multiplier step>https://basescan.org/address/0x79c613b4f07080963c3b0ca58eb2745dd4c744a5#readContract
>>61254423>2nd oracleWhich second oracle?
>>61254875Lmao fuddies on suicide watch
>>61254894The one they used for the wrsETH feed, which Chainlink doesn't provide.
>>61254894I don't know where they pull the wsrETH price, but the moonwell devteam is literally sleeping rn while their liquidity pools are getting drained, literal bankrun is happening rn because theres no communication from them
>>61254904>which Chainlink doesn't provide.this is wrong, but from what I can tell they don't use the datafeed chainlink has which is curious. maybe they wanted more speed because im pretty sure chainlink doesn't have a datastream of it, which would be faster
>>61254945>this is wrongSo link to the wrsETH feed provided by Chainlink.>pretty sure chainlink doesn't have a datastream of itMoonwell isn't connected to any datastreams, only data feeds.
>>61254958https://data.chain.link/feeds/base/base/wrseth-eth-exchange-rateI think its that one unless I'm wrong. Their own feed def hasn't reported anything wrong at least from the history
>Get the derived price from the Oracle>Then do a 2 step multiplication factor from the derived price from 2 different datapoint retrievals based on magic internet money>The 5.813 Octillion per Eth return was at the derived price tranch before 2 step multiplication was applied per feed diagnosticsSo it happened at step 4 of picrel instead of step 5 or 6?
>>61254974That's wrsETH, not wrstETH.And it's not a USD feed, as is referenced in OP.
>>61255003>wrstETHwoops nvm then
>>61254999I just read, they got hacked 2 time before already due to incompetence>In December 2024, Moonwell lost $320,000 in a flash loan exploit after the attacker targeted its USDC lending contract.>On October 10, when crypto prices crashed, an exploit on its contract on Base led to a loss of over $1.7M.
>>61254999Why is there a multiplierAddress in step 4?
>>61255026apparently I mistyped it myself lol
>>61254258>Chainlink is the truth.core beat chainlink to the game since joining the houdini pointless program
>>61254194>Duuuuudeeee my Honda engine failed because I didn't put oil in it
>>61254258>>61254255If this is true and is the ethos of Chainlink...why do they so heavily support Ethereum and chains like Avalanche?Ethereum Classic is "the truth" in this sense. Chainlink should be making a statement and supporting more building on ETC...Imagine a sound CCIP bridge from Ethereum to Ethereum Classic...Or no...I guess we're better of focusing on all the VC chains where financial trickery is being used to capture a massive share of the network....
>Hype and shilling>PR millCan we get a FUCKING ADULT from the Chainlink team, please.
>>61255057some moonwell pajeet tech probably fatfingered those two or smth himself lol
>>61254897>Lmao fuddies on suicide watchyou owned them with another -50%+ year, nice!
>>61255131first quizzes and now link requires oil? wtf how is this useful?
>>61255435>you owned them with another -50%+ year, nice!They hold LINK too, so it's a double whammy.
>>61254194there's another oracle team winlink joinninng houdini too ano
Thx for the spoonfeed, I got a bit worried since I know nothing about the technology but it seems like Link is still #1 undefeated unexploited and unpumpable, fuck redstone and the layerzero cabal you suck(all my homies hate you)
What the fuck is an wrstETH?
>>61254194The first publicly known Chainlink oracle failure was when Thomas Hodges accidentally updated the XAG/USD feed used by Synthetix to provide XAU/USD values, which also revealed that they weren't even using a multisig. Synthetix lost $60k something.The biggest misreport was LUNC/USD during the UST depeg to Venus, $14.4M lost.
>>61255800That wasn't an oracle failure, that was oracle user error.As contract operator, you're an oracle user. You're not an oracle.
>>61254738Huge wall of text = cope
