Oracle Error Leaves DeFi Lender Moonwell With $1.8 Million in Bad Debt
In brief
A misconfigured oracle priced cbETH at about $1 instead of roughly $2,200.
Liquidations seized 1,096.317 cbETH and wiped out b...
These apps offer quick cash, but some users say they’re trapped in debt. This loophole is their escape hatch.
Because they aren’t technically lenders, these apps don’t charge traditional interest.