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.

Avalanche lending protocol Blizz Finance tweeted that Chainlink suspended LUNA oracles, allowing several attackers to deposit millions of LUNA and borrow all collateral at $0.1 per Chainlink oracle. Due to the timelock mechanism, the protocol assets are exhausted before the team is suspended. According to DeFi Llama data, the agreement’s TVL was $8.28 million yesterday, and it is now 0.