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AlphaFi Winds Down Sui DeFi After Oracle Error Creates Bad Debt

Guavy AI Editorial Team
Instruments
ALPH PHA ALPHA
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AlphaFi has begun winding down its DeFi operation on Sui due to an oracle error involving ALPHA, which caused undercollateralized loans on AlphaLend.

The misconfiguration affected collateral calculations, leading to bad debt. The shortfall was covered by the Sui Foundation, protecting depositor balances from losses.

New deposits and borrowing have been disabled as AlphaFi enters maintenance mode. Repayments and withdrawals remain available while users close positions and remove assets from the protocol.

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