Hack history / 2022 / Hack or exploit
Venus Protocol
Hack or exploit on May 12, 2022 · Stale Oracle Price
IN REVIEWSOURCES DISAGREE ON DATE OR LOSS · 4 SOURCES
Lost
$11.2M
sources: $11.2M to $21.8M
Returned
none listed
as the sources state it
Rank
#276
among thefts by dollars lost
What happened
Venus LUNA market had a hardcoded $0.10 minimum price while Chainlink froze updates due to LUNA volatility. Attackers bought LUNA at drastically reduced prices and used it as collateral at $0.10/token to borrow other assets, extracting $11.2M before Venus suspended the market.
In review: sources disagree on the loss.
Details
- Date
- May 12, 2022
- Kind
- Hack or exploit
- Method
- Stale Oracle Price
- How in
- Price, oracle and governance
- Target
- DeFi protocol
- Chains
- BNB Chain, Terra, Avalanche
After the theft
- Frozen
- yes, amount not stated
“Venus LUNA market had a hardcoded $0.10 minimum price while Chainlink froze updates due to LUNA volatility.” (DefiLlama)
Related incidents
Venus Core Pool 2026 · Hack or exploit · $3.7M
Venus Protocol user exploited for $13.5 million; most funds later recovered 2025 · Hack or exploit · $13.5M
Venus Core Pool 2025 · Hack or exploit · $902K
Venus_ZKSync 2025 · Hack or exploit · $200K
Venus Protocol 2023 · Hack or exploit · $274K
Venus Protocol user exploited for $13.5 million; most funds later recovered 2025 · Hack or exploit · $13.5M
Venus Core Pool 2025 · Hack or exploit · $902K
Venus_ZKSync 2025 · Hack or exploit · $200K
Venus Protocol 2023 · Hack or exploit · $274K
Cite this page
SwanBluechip, "Venus Protocol hack, May 12, 2022: $11.2M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/hte31d332d29/ (data as of 2026-11-01).