More Than $892,000,000 Lost in Exploits Involving Oracle Networks, According to New Binance Research

A new report from Binance Research says exploits related to oracle networks have caused nearly a billion dollars worth of losses over the past three years. Oracles connect blockchains to external data allowing smart contracts to execute tasks based on real-world events or conditions. Decentralized finance (DeFi) protocols use oracles to fetch the market price The post More Than $892,000,000 Lost in Exploits Involving Oracle Networks, According to New Binance Research appeared first on The Daily Hodl .