Whalebit's collateral liquidation priced a thin LP pool that the attacker had flash-loaned and manipulated. DeFiHackLabs reconstructs the in-tx borrow-and-drain against the on-chain price.
Logged as “2026-03-31: Algebra Spot Price Oracle Manipulation on WhalebitOracleManipulation”.
Whalebit's collateral liquidation priced the collateral against a thin LP pool that the attacker flash-loaned and manipulated. The attacker borrowed against the inflated collateral price, then walked the borrowed balance out.
DeFiHackLabs reconstructs the sequence against the live state; total loss is captured in the PoC.
What would have prevented it: a TWAP-protected oracle with a minimum update window, so a flash cannot reset the working price used in liquidation.
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Updated 14 Oct 2026. Figures are as reported by the sources listed above and are not independently verified.