Blend Suffers $10 Million Loss from Oracle Manipulation Attack on Stellar Blockchain

Blend, a prominent lending marketplace on the Stellar blockchain, has incurred a loss of over $10 million following an oracle manipulation attack. According to NS3.AI, the attack specifically targeted a community-managed USTRY/XLM pool, leaving other pools and Blend's smart contracts unaffected. The vulnerability arose from the ability of Blend's pool creators to choose their own oracles, which was exploited in this incident.