Blend Pools V2 Hack 2026 — $11M Exploit Analysis

Attackers manipulated a price oracle on Blend Pools V2 to inflate collateral values and drain ~$10.97M; the protocol fully recovered the funds.

Details

• Date: 2026-02-22
• Amount Lost: $10,970,000
• Chain(s): Stellar
• Category: Price Oracle Manipulation
• Technique: Price oracle manipulation inflating collateral values to drain liquidity
• Status: Fully Recovered
• Amount Recovered: $10,970,000

Full Description

On February 22, 2026, Blend Pools V2 on Stellar was exploited when attackers manipulated a price oracle to inflate collateral values, enabling them to drain approximately $10.97M in liquidity. The protocol reported a full recovery of the stolen funds.

Laundering Analysis

No laundering activity observed. All stolen funds fully recovered by the protocol.

Sources

• https://www.certik.com/
• https://www.trmlabs.com/

Transaction Hashes

• N/A

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