Prediction market platform Polymarket is replacing single-price snapshots with time-weighted average prices (TWAP) for settling short-duration crypto markets after traders exploited brief price manipulation windows to drain funds. The platform is offering $1M in rewards as part of the upgrade.
Chainlink has extended its Proof of Reserve oracle service to provide onchain reserve data across Ethereum, Base, Monad, and Ink networks, as the crypto industry continues emphasizing asset verification following the 2022 FTX collapse.
Hedera-based lending protocol Bonzo Lend (also referred to as Sauce Protocol) suffered approximately $9 million in losses after an attacker manipulated the price oracle for SAUCE collateral, allowing them to borrow assets far beyond deposited value. The stolen funds were bridged from Hedera to Ethereum.
Pyth Network has introduced Pyth Indices, a suite of proprietary indices providing continuous 24/7 pricing for U.S. equities, oil, metals, and thematic sectors, enabling price discovery across traditionally closed markets to support around-the-clock trading products in crypto.
