CroSat
blockchainSep 26, 2026AI summary

AlphaFi to Close AlphaLend After Oracle Error Creates Bad Debt

AlphaFi is winding down its Sui-based lending platform after an ALPHA oracle error left some loans undercollateralized, with solvency support from the Sui Foundation.

AlphaFi to Close AlphaLend After Oracle Error Creates Bad Debt

AlphaFi is shutting down AlphaLend, its lending protocol on Sui, following an oracle configuration error involving ALPHA that resulted in bad debt.

According to AlphaFi, some loans secured by ALPHA no longer had enough collateral to cover their obligations, leaving them significantly undercollateralized.

Sui said Friday that the Sui Foundation had stepped in to help support the protocol’s solvency as AlphaFi moves to wind down the lending platform.

Source: The Defiant

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