A misconfigured Chainlink price oracle on DeFi lender Moonwell briefly valued Coinbase Wrapped ETH (cbETH) at about $1 instead of roughly $2,200.
Moonwell’s $1.12 nightmare: A pricing glitch just let bots seize millions in ETH collateral
A misconfigured Chainlink price oracle on DeFi lender Moonwell briefly valued Coinbase Wrapped ETH (cbETH) at about $1 instead of roughly $2,200.
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The layer-1 network reversed course after ecosystem partners warned that rewriting chain history would undermine decentralization and create operational risks following a $3.9 million exploit.
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