What happened
DeFiLlama records the Mars Perps incident on December 14, 2025. The reported loss is $960K. The listed chains are neutron.
DeFiLlama labels the technique as Thin-Market Skew Exploit / Funding Rate Arbitrage. A detailed attack sequence is not available in this feed entry.
Protocol details
Classification
Protocol Logic / Market Manipulation
Protocol Type
Derivatives
Implementation language
Rust
Protocol links
Website
@mars_protocol
Evidence
- report @mars_protocol incident report x.com
- analysis DeFiLlama defillama.com
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