Security Audit Flags Oracle Manipulation Risks on Gemini DeFi Platform
A confidential security audit dated September 11, 2026, assessed oracle manipulation vulnerabilities on Gemini's DeFi platform, which holds a total value locked of approximately $5.19 billion across Ethereum and Layer 2 networks. The platform's in-house Gemini-Oracle supplies over 80% of price data for key assets like ETH, BTC, and USDC, drawing from a limited set of exchanges and publishing a single signed price per block. Auditors identified several high-to-medium severity risks, including single-source price feeds, insufficient TWAP smoothing, absent circuit breakers, and weak fallback verification for Layer 2 price feeds. Simulations suggest that a 30% price swing within one to two blocks could result in losses of up to 15% of total locked value through manipulated liquidations or synthetic minting. The platform received an overall risk score of 7.2 out of 10, reflecting incomplete or unevenly applied mitigations across its various modules.
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