Web3 Security Report: Over $188 Million Lost in August, Tectonic Hit by Oracle Manipulation

According to the August security report by GoPlus, 33 major security incidents occurred, resulting in total losses of $188.1 million. A single attack on Tectonic involving price manipulation and over-leveraged borrowing accounted for $75 million in losses. The high concentration of losses and frequent oracle manipulation incidents highlight critical risks in DeFi protocol risk management.