$SUI Network takes a hit with AlphaFi shutdown...
The @SuiNetwork-based DeFi yield optimizer and money market protocol @AlphaFiSUI has announced it is shutting down in an "orderly way".
Users can no longer take loans on the platform but withdrawals remain open.
According to $SUI itself, the shutdown follows a "misconfiguration of their ALPHA oracle and subsequent creation of bad debt".
#CryptoNews
The @SuiNetwork-based DeFi yield optimizer and money market protocol @AlphaFiSUI has announced it is shutting down in an "orderly way".
Users can no longer take loans on the platform but withdrawals remain open.
According to $SUI itself, the shutdown follows a "misconfiguration of their ALPHA oracle and subsequent creation of bad debt".
#CryptoNews
