💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
New Gold Protocol was hacked for 2 million USD due to an oracle vulnerability on BNB Chain
The DeFi platform New Gold Protocol (NGP) became a victim of an attack on Wednesday, resulting in approximately 2 million USD in damages for the project. According to the onchain security company Blockaid, the hacker exploited a vulnerability in the price oracle mechanism of the NGP smart contracts.
Method of attack
Blockaid states: "Using the spot price from a single DEX pool is extremely dangerous, as hackers can manipulate reserves in an atomic transaction using a flash loan."
Consequences
Context
👉 The incident highlights the security risks from single-source oracles ( and the necessity of thorough audits before deploying smart contracts.