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
AlphaFi Winds Down After Oracle Error, With Sui Foundation Support
New deposits and loans are disabled, while Slush users are told to exit four strategies with immediate withdrawals.
