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What is Price Manipulation Exploit in Crypto? – How to Avoid This

  • Price manipulation exploits in the crypto space target decentralized exchanges to profit unfairly from protocols relying on specific asset prices.
  • Attackers manipulate prices using flash loans or transactions, tricking platforms like DeFi to gain substantial profits before prices normalize.
  • Real-world examples of platforms affected by these exploits include bZx Protocol, Harvest Finance, Alpha Homora, Beanstalk Farms, and more, leading to millions in losses.
  • To avoid price manipulation exploits, users and projects should use reliable oracles, avoid low liquidity tokens, watch for flash loans, employ multi-oracles, community audits, and bug bounties.

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