DeFi lending protocol Moonwell hit with $1.8 million bad debt after oracle misconfiguration

• Moonwell confirmed roughly $1.8 million in bad debt after a misconfigured oracle priced cbETH incorrectly and triggered liquidations.

Article Summaries:

• Moonwell confirmed roughly $1.8 million in bad debt after a misconfigured oracle priced cbETH incorrectly and triggered liquidations.

Sources:

• https://www.theblock.co/post/390302/defi-lending-protocol-moonwell-hit-with-1-8-million-bad-debt-after-oracle-misconfiguration?utm_source=rss&utm_medium=rss