Vesu Reports $3 Million in Abnormal Liquidations Due to Pragma Oracle Failure

Starknet lending protocol Vesu reported that a failure in the Pragma price feed on September 4 led to the abnormal liquidation of 47 positions and $3 million in collateral between 04:08 and 04:10 UTC. The price feed corrected itself within two minutes. Vesu confirmed that its smart contracts functioned as designed and contained no vulnerabilities. The protocol is currently working with Pragma, StarkWare, the Starknet Foundation, and pool curators to recover the liquidated funds. Affected users are advised to keep their Earn positions open and submit support