DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy

– The sudden drop in the price of Terra’s LUNA token affected two decentralized finance (DeFi) protocols, due to a price discrepancy in the Chainlink price feed for LUNA.
– The protocol Blizz Finance was drained of all its collateral after attackers exploit the price discrepancy.
– The protocol Venus Protocol reported a loss of $11.2 million due to the price suspension.
– The Terra blockchain was halted in order to prevent governance attacks, but was quickly restarted.
– Binance has delisted the LUNA/Tether (USDT) pair due to the extreme market conditions.

 

 

DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy
DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy 2

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