Switchboard halts operations on Aptos, SUI, IOTA, and Movement after detecting potential compromise
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5 Articles
Blockonomi
BITRSSOracle Network Switchboard Halts Four Chains Over Potential Move Compromise
TLDR: Switchboard halted Move-based oracle operations on Aptos, Sui, IOTA and Movement after a potential compromise. An IOTA oracle incident allegedly pushed a price feed to $10M, enabling about 4.94M VUSD to be minted. The IOTA incident reportedly liquidated 45 users as investigators examined the potential compromise. Switchboard said no similar issue was reported on [...] The post Oracle Network Switchboard Halts Four Chains Over Potential Mov…
Aptos Users Advised to Migrate as Switchboard Halts Services
Switchboard has halted operations on multiple networks including Aptos due to a potential security compromise. This raises concerns for users as they are advised to migrate to alternative oracle solutions. The post Aptos Users Advised to Migrate as Switchboard Halts Services appeared first on Coinfomania.
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapSwitchboard halts operations on Aptos, SUI, IOTA, and Movement after detecting potential compromise
The shutdown highlights the critical need for diversified oracle sources in DeFi to prevent systemic risks and ensure operational resilience. The post Switchboard halts operations on Aptos, SUI, IOTA, and Movement after detecting potential compromise appeared first on Crypto Briefing.
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