Post #11774

Aave suffers oracle glitch, triggering $26M in unfair liquidations Aave experienced a temporary oracle malfunction on its Ethereum Core and Prime instances, resulting in approximately $26M in wstETH positions being unfairly liquidated across 34 accounts. The issue stemmed from an inconsistency between the snapshot ratio and the snapshot timestamp used for its risk oracle. This caused the oracle to report a capped exchange rate of roughly 1.1939 - well below the actual market rate of around 1.228. The team noted that a compensation plan is underway, using 141.5 ETH recovered from the incident and up to 345 ETH from the DAO treasury to reimburse affected users. 🔗governance.aave.com/t/post-mortem-exchange-rate-misallignment-on-wsteth-core-and-prime-instances/24269 @TOP7ICO