The error allowed liquidators to repay roughly $1 of debt to seize cbETH collateral, leaving Moonwell with nearly $1.8 million in bad debt.
Oracle Error Leaves DeFi Lender Moonwell With $1.8 Million in Bad Debt
AI IMPORTANCE: 7/10
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AI INSIGHT
Moonwell suffers oracle error that allowed liquidators to repay roughly $1 of debt to seize cbETH collateral, leaving Moonwell with nearly $1.8 million in bad debt.
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