AlphaFi Winds Down After Oracle Error, With Sui Foundation Support

AlphaFi is winding down its Sui-based lending protocol AlphaLend after an ALPHA oracle misconfiguration created bad debt, with the Sui Foundation stepping in to support its solvency, Sui said Friday.

AlphaFi is winding down its Sui-based lending protocol AlphaLend after an ALPHA oracle misconfiguration created bad debt, with the Sui Foundation stepping in to support its solvency, Sui said Friday. AlphaFi said certain loans backed by ALPHA had become substantially undercollateralized. “That bad... Read the full story at The Defiant