DeFi· ★★★· bearish·

AlphaFi winds down AlphaLend on Sui after ALPHA oracle error

  • —AlphaFi is winding down AlphaLend on Sui after an oracle failure
  • —Loans backed by ALPHA became substantially undercollateralized
  • —Sui Foundation is supporting the protocol's solvency
Why it matters: The incident highlights oracle risk in lending markets: a single mispriced token can create bad debt and force outside support.
#SUI
Source: The Defiant
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