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TechFlow news — On May 13, Avalanche-based lending protocol Blizz Finance announced on social media that due to Chainlink pausing the LUNA oracle, several attackers were able to deposit millions of LUNA tokens and borrow all available collateral at a price of $0.1 per LUNA according to the Chainlink oracle. Due to timelock mechanisms, the protocol's assets were drained before the team could suspend contract functionality.
Due to Chainlink pausing the LUNA oracle, several attackers were able to deposit millions of LUNA and borrow all collateral at $0.1 per token according to the Chainlink oracle price. Due to the timelock mechanism, the protocol's assets were drained before the team could suspend the contract functions.
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