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Aave Oracle Glitch Causes $27M Liquidations

Published 2 weeks, 6 days ago
Description

Aaves Capo oracle tool malfunction triggers $27M in unexpected liquidations, affecting users positions. Aave swiftly covers losses, claws back Ether, and sets aside funds to assist affected users. The incident underscores oracle reliability concerns in DeFi lending, occurring amidst internal Aave governance disputes.

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