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.
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