Digital Asset
Intelligence
Security Incident

LUNC Contract Vulnerability: $800.00K Reported Loss

·Historical incident record

Incident Overview

On May 30, after the launch of the new Terra chain, the price of the oracle machine of LUNC (Luna Classic) reached $5, while the actual price was much lower than $5. An Anchor platform user noticed the vulnerability and deposited about 20 million tokens. Lido Bonded Luna Token, and successfully lent 40 million UST, eventually withdrawing and making a profit of about $800,000.

Sources & References

Original incident referencehttps://u.today/anchor-protocol-got-exploited-with-launch-of-luna-20-user-makes-free-800000 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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