Anchor Protocol Got Exploited with Launch of Luna 2.0, User Makes "Free" $800,000

After the official launch of Terra 2.0, the price oracle of $LUNC (Luna Classic) went to $5 despite the price of the actual assets being significantly lower than $5. One of the users on Anchor's platform noticed the bug and deposited around 20 million Lido Bonded Luna tokens, which was considered $100 million by the platform. The real value of deposited funds should have been around $200,000. After noticing the issue, a user took a loan of 40 million UST and withdrew it at a massive $800,000 profit. The Anchor team acted immediately upon discovering the bug, saying that no other additional losses were incurred.