DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy

by Aurelia Butler 13 May 2022, 10:40 199 Views

Avalanche-based liquidity protocol Blizz Finance reported that as the price of LUNA was stuck at $0.10, attackers were able to deposit millions of LUNA to “borrow all the collateral.” As a result, Blizz Finance mentioned that its protocol was drained before its team could pause. The team apologized to those who were affected.

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Source: Cryptocurrency - investing.com

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DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy

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