one thing overlooked in the @TypusFinance hack is the code as intended. allowed the UpdateAuthority (the team) to set the price and twap for any oracle, to any arbitrary value
the design without any bugs, already requires users to fully trust the team rather than external oracle providers
and this design is quite common across perps products
Quickly help everyone go through the vulnerability of @TypusFinance:
This time, the Typus vulnerability lies in oracle manipulation, specifically in the oracle pricing part.
Unauthorized accounts can modify prices.
The hacker used this operation to purchase $Sui, $USDC, $XBTC, and $ETH at very low prices.
It is a very basic permission management vulnerability, and auditing companies really need to step up their game.
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