VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
Avalanche lending protocol Blizz Finance tweeted that Chainlink suspended LUNA oracles, allowing several attackers to deposit millions of LUNA and borrow all collateral at $0.1 per Chainlink oracle. Due to the timelock mechanism, the protocol assets are exhausted before the team is suspended. According to DeFi Llama data, the agreement’s TVL was $8.28 million yesterday, and it is now 0. Attack method (per SlowMist): Oracle Attack. Reported loss: $ 8,300,000.
Sourced from
slowmist
Technical record
- chain
- avalanche
- protocol
- Blizz Finance
- bug_class
- oracle
- date_occurred
- 2022-05-12
- loss_usd
- $8,300,000
- source_id
- sm:blizz-finance::2022-05-12
Related — same bug class· oracle