Blend Pools V2 Hack

TOTAL LOST $11.0M
High Price Oracle Manipulation stellar

Summarize with AI

Affected Chain stellar Incident surface
Recovered - No recovery reported
All-Time Rank #295 By amount stolen
Auditors 1 Prior security audit

Incident Overview

Lending markets created with Blend.

Incident Report

Protocol / Project Blend Pools V2
Date of Incident
Affected Chain(s) stellar
Attack Technique Price Oracle Manipulation
Classification Protocol Logic
Primary Source View Post-Mortem

Protocol Information

Protocol Type Lending
Official Website www.blend.capital

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of price oracle manipulation and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with stellar smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in Blend Pools V2's contract logic - root cause: protocol logic
Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Yes — skilled auditors routinely flag Price Oracle Manipulation vulnerabilities in code review
Audited by Audit Report 1 — still lost $11.0M. Prior audits don't guarantee safety, especially after post-audit code changes.

If you're auditing a protocol with similar architecture to Blend Pools V2, these are the critical security checks that could have prevented this incident (February 2026).

  • Verify all logic paths related to Price Oracle Manipulation are guarded by proper access controls and input validation - see the Oracle Manipulation & Price Manipulation attack class for patterns
  • Audit oracle price feeds for manipulation risks - ensure time-weighted average prices (TWAPs) or multi-source aggregators are used, not spot prices
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

Free Trial

Security Audit History

Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Oracle Manipulation & Price Manipulation examples →

Sources & References

Learn to Prevent the Next Blend Pools V2

The Blend Pools V2 hack is one of many attacks that skilled auditors are trained to detect before deployment. Master real exploit patterns and defense techniques with hands-on Web3 security training.

Recreate exploit patterns safely Free Trial