Switchboard Halts Move Oracles After Suspected Compromise
Suspected compromise on IOTA feed leads to halted deployments and DeFi liquidations.
CryptoSlate reported that Switchboard halted its Move-based oracle deployments across Aptos, Sui, IOTA and Movement after a suspected compromise. Virtue stated that a manipulated IOTA feed enabled 4.94M VUSD to be minted and triggered 47 liquidations. The root cause and wider impact remain unresolved according to the report. The linked source described how the suspected Switchboard Move oracle compromise halted four deployments. DeFi apps on the affected networks reported losses, freezes and paused access while the situation develops.
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Switchboard Halts Move Oracles After Suspected Compromise
Suspected compromise on IOTA feed leads to halted deployments and DeFi liquidations.
CryptoSlate reported that Switchboard halted its Move-based oracle deployments across Aptos, Sui, IOTA and Movement after a suspected compromise. Virtue stated that a manipulated IOTA feed enabled 4.94M VUSD to be minted and triggered 47 liquidations. The root cause and wider impact remain unresolved according to the report. The linked source described how the suspected Switchboard Move oracle compromise halted four deployments. DeFi apps on the affected networks reported losses, freezes and paused access while the situation develops.