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AlphaFi Winds Down After Oracle Error, With Sui Foundation Support
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6 Articles
AlphaFi Winds Down After Oracle Error Creates Bad Debt on Sui
AlphaFi is winding down its Sui-based DeFi operation after an oracle configuration error involving ALPHA created undercollateralized loans on AlphaLend. The ALPHA oracle misconfiguration affected the collateral calculations used by the lending market, leaving AlphaLend with bad debt. The shortfall was fully covered with support from the Sui Foundation, protecting depositor balances from losses. New… Continue reading AlphaFi Winds Down After Orac…
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Cryptocurrency News | Cryptocurrency Prices | Market CapAlphaFi reportedly winding down after misconfiguration, SUI Foundation role unclear
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