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Moonwell’s $1.12 nightmare: A pricing glitch just let bots seize millions in ETH collateral

Moonwell’s $1.12 nightmare: A pricing glitch just let bots seize millions in ETH collateral

2026-02-18

A misconfigured Chainlink price oracle on DeFi lender Moonwell briefly valued Coinbase Wrapped ETH (cbETH) at about $1 instead of roughly $2,200.

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