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🛑 FULL SAIL SHUTS DOWN OPERATIONS AFTER A SECURITY FAILURE IN THE SWITCHBOARD ORACLE 📉
The DeFi protocol on Sui, Full Sail, announced the gradual closure of its operations following a security incident in the Switchboard oracle, Odaily reported 🚨.
The failure resulted in $455,000 in losses and the improper liquidation of 45 users in the associated Virtue Money protocol 📊.
In the absence of explanations from Switchboard and with Mysten Labs refusing financial support, Full Sail will distribute its remaining liquidity to affected users and the team will cover the remaining shortfall to compensate depositors 🛡️.
#DeFi #Sui #Switchboard #Ciberseguridad #Criptomonedas
$BTC
$ETH
$SOL
The DeFi protocol on Sui, Full Sail, announced the gradual closure of its operations following a security incident in the Switchboard oracle, Odaily reported 🚨.
The failure resulted in $455,000 in losses and the improper liquidation of 45 users in the associated Virtue Money protocol 📊.
In the absence of explanations from Switchboard and with Mysten Labs refusing financial support, Full Sail will distribute its remaining liquidity to affected users and the team will cover the remaining shortfall to compensate depositors 🛡️.
#DeFi #Sui #Switchboard #Ciberseguridad #Criptomonedas
$BTC
$ETH
$SOL
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