Chainlink’s Oracle Blunder Exposes the Dark Side of DeFi Automation
Key Takeaways Chainlink Oracle Error Leads to $1 Million Moonwell Exploit DeFi protocol Moonwell has suffered a $1 million exploit following a malfunction in a Chainlink oracle that reported wildly inaccurate price data. The wrsETH oracle, which should have reflected a 1.057 exchange rate, instead reported an inflated 1.7 million, a discrepancy of seven orders…