POPA ReconMorpho PT-reUSD Market Hit by ~$36M Oracle Manipulation Attack
Morpho PT-reUSD Market Hit by ~$36M Oracle Manipulation Attack A coordinated oracle manipulation attack on two Morpho PT-reUSD markets triggered ~$36.39M in liquidations, with the attacker reportedly earning ~$1.3M. The attacker used TWAP purchases of Pendle YT-reUSD to push down the PT-reUSD price, triggering liquidations of highly leveraged positions. One 15-minute TWAP fell to 0.9647, causing borrowers to become eligible for liquidation. 12 borrowers with ~$36.1M in positions were liquidated. The attacker reportedly captured 96% of the liquidated collateral, while reUSD itself remained u…
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