📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
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Morpho loses about $230,000 due to misconfiguration of the Oracle Machine
Odaily Planet Daily News Chaos Labs founder omer said on the X platform that the PAXG/USDC market on Morpho lost about $230,000 due to Oracle Machine configuration errors. Specifically, there was a misconfiguration of the Oracle SCALEFACTOR on Morpho, which failed to account for the difference between USDC (6 decimal places) and PAXG (18 decimal places). This led to a 12-digit inflation in the price of PAXG. The attacker deposited 350 dollars' worth of PAXG and borrowed 230,000 dollars' worth of USDC.