Crypto
Aave sees $27 million in liquidations after oracle pricing error
DeFi lending platform Aave saw large-scale liquidations worth $27 million, CoinDesk reported on March 10. The incident appeared to stem from a temporary error in Aave’s price oracle system. CoinDesk said the oracle misreflected the value of wstETH, leading to unexpected liquidations. Chaos Labs said the oracle reported accurate market value but stale parameters and timing gaps triggered liquidations. Lido said the event was unrelated to wstETH or the Lido protocol.
