AlphaFi Winds Down After Oracle Error Creates Bad Debt on Sui

Sui Network Faces AlphaFi Shutdown As SUI Price Moves Higher

SUI Network faces an AlphaFi shutdown following an ALPHA oracle issue, while SUI price momentum remains strong amid rising trading activity.

AlphaFi Shutdown: Sui Foundation Covers Bad Debt as AlphaLend Winds Down

TLDR: AlphaFi is winding down AlphaLend after an ALPHA oracle issue created undercollateralized debt. Sui Foundation covered the full shortfall, keeping AlphaFi solvent and protecting user funds. Withdrawals remain open, while new AlphaLend deposits and loans are now paused. Sui security tooling helped detect the issue and will become available to DeFi protocols later. AlphaFi is shutting down AlphaLend after an ALPHA oracle issue created bad d…

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…

AlphaFi Winds Down Sui Lending Platform After Oracle Error

New deposits and loans are disabled, while Slush users are urged to withdraw from four strategies immediately.

AlphaFi Winds Down After Oracle Error, With Sui Foundation Support

AlphaFi is winding down after an ALPHA oracle error created bad debt. Sui Foundation is providing support, and withdrawals remain open.

AlphaFi reportedly winding down after misconfiguration, SUI Foundation role unclear

Misreporting in DeFi can undermine trust, highlighting the need for accurate information and transparency to maintain user confidence and market stability.