Lookonchain APP

App Store
Feeds Articles

Moonwell suffered approximately $1.78 million in losses due to a misconfiguration of a price oracle.

2026.02.18 14:06:11

Feb 18: DeFi lending protocol Moonwell incurred a roughly $1.78 million default due to an oracle misconfiguration. On Feb 15, Moonwell activated Chainlink’s OEV aggregator contract for cbETH price oracles via governance proposal MIP-X43. A critical configuration error temporarily valued cbETH at just $1. On-chain bots and liquidators acted swiftly, repaying only $1 of debt to seize cbETH collateral worth thousands of dollars. The mistake triggered the liquidation of 1,096.317 cbETH, wiping out most or all collateral for many borrowers and leaving the protocol with heavy losses. The Moonwell team immediately reduced cbETH’s borrowing and supply caps to 0.01 to contain further damage. A spokesperson declined to disclose details about the error’s source or underlying vulnerability.
Add to Favorites Download image Share x Copy link
Relevant content

AMD Surges Nearly 8%, Reaches an All-Time High

On May 9, Bitget market data shows Advanced Micro Devices (AMD) jumped nearly 8%, pushing its market capitalization above $710 billion to a record high. Intel (INTC.O) also rose nearly 8%, with its market cap approaching $600 billion, hitting a new all-time high.

1 minutes ago

The Persian Gulf conflict has subsided, with the situation returning to calm.

May 8 – Per Iran’s Tasnim News Agency, the Persian Gulf crisis has subsided, with the situation now calm.

1 minutes ago

Iranian Senior Lawmaker: US Naval Blockade to Face Iran's Military Response from Now On

On May 8, Iran’s Fars News Agency reported that a senior Iranian lawmaker stated the U.S. naval blockade will now face a military response from Iran.

1 minutes ago

British sprinter CJ Ujah has been accused of involvement in cryptocurrency "conspiracy fraud."

May 8th, *The Guardian* reports British sprinter CJ Ujah—2017 World Athletics Championships 4x100m relay gold medalist—is among 10 suspects charged with conspiracy to defraud, as part of a police probe into cryptocurrency fraud. The suspects are alleged to be part of an organized crime syndicate running a scam: they contacted victims by phone, posing as cops or crypto company staff to steal funds. Authorities say victims were tricked into sharing critical security information—including their mnemonic phrases—only to find funds in their crypto wallets stolen. One victim lost more than ￡300,000. The operation was led by the Eastern Region Special Operations Unit across Kent, Essex and London after an investigation. All 10 suspects appeared in a magistrates’ court last Thursday.

1 minutes ago

TeraWulf Q1 High Performance Computing Revenue Surpasses Bitcoin Mining

On May 8, TeraWulf reported that its High Performance Computing (HPC) business outpaced its Bitcoin mining segment in revenue for the first time last quarter—marking a growing trend of former Bitcoin mining-focused firms pivoting to AI and hyperscale cloud infrastructure. The company announced total Q1 2026 revenue hit $34 million, nearly matching the $34.4 million it posted in the year-ago period. Notably, HPC leasing revenue reached $21 million, topping the digital asset (Bitcoin mining) revenue of under $13 million. As long-term compute power leasing contracts ramp up, TeraWulf’s HPC business is expanding rapidly.

1 minutes ago

BlackRock: Non-Farm Payrolls Mean Status Quo for Fed, Macro Narrative Dominated by AI Theme

On May 8, BlackRock portfolio manager Jeffrey Rosenberg noted a trade-off between strong nonfarm payroll data and weak wage growth. Broadly speaking, the report didn’t signal meaningful shifts, keeping the Federal Reserve in a status quo position. On a broader macro front, current economic data has been centered on the AI narrative. “When we look at GDP figures and spending trends, the key driver is no longer primarily consumer spending, but capital expenditures instead,” he said. “In financial markets, the critical factor is AI’s impact.”

1 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join