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Hack history / 2022 / Hack or exploit

Blizz Finance

Hack or exploit on May 13, 2022 · Stale Oracle Price

SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$8.3M
dollars at the time
Returned
none listed
as the sources state it
Rank
#341
among thefts by dollars lost

What happened

Blizz Finance on Avalanche was drained of ~$8.3M in May 2022 when Chainlink froze LUNA pricing at $0.10 far above market value during Terra's collapse, allowing overcollateralized borrowing.

Details

Date
May 13, 2022
Kind
Hack or exploit
Method
Stale Oracle Price
How in
Price, oracle and governance
Target
DeFi protocol
Chains
Avalanche

After the theft

Frozen
$0
“Blizz Finance on Avalanche was drained of ~$8.3M in May 2022 when Chainlink froze LUNA pricing at $0.10 far above market value during Terra's collapse, allowing overcollateralized borrowing.” (DefiLlama)

Reported by

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Cite this pageSwanBluechip, "Blizz Finance hack, May 13, 2022: $8.3M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht400a77e238/ (data as of 2026-10-31).
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