CoinScoopAlphaFi to Shut Down Following Oracle Error on Sui
AlphaFi is closing its Sui-based lending protocol, AlphaLend, after an oracle misconfiguration involving the ALPHA token led to significant bad debt. The Sui Foundation is providing support to ensure the protocol's solvency as AlphaFi addresses loans that became substantially undercollateralized.
Summaries are written by AI from the original article. Not investment advice.