Ethereum-Based Synthetic Asset Platform Loses Over 37M Tokens in Oracle Attack

An Ethereum-based synthetic issuance platform lost over 37 million in synthetic ether.
The Ethereum-based synthetic asset issuance platform Synthetix has lost over 37 million synthetic ETH (sETH) in an oracle attack, according to a report by The Block on June 24.While the amount of sETH in question is known to be over 37 million, the price of this loss in U.S. dollars is reportedly unknown due to its relative illiquidity on secondary markets.Synthetix allows users to mint and trade synthetic currencies peer-to-peer (P2P) on the Ethereum blockchain.

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