Aave reported approximately $27 million in liquidations over the past 24 hours following a temporary glitch in its CAPO risk oracle for wrapped staked Ether (wstETH). Despite the significant liquidations, Aave confirmed that the protocol itself was not impacted by the incident.
Chaos Labs, responsible for the risk management of Aave, assured that users affected by the glitch will receive full reimbursement. The issue has been addressed, and normal operations have resumed, ensuring the security and stability of the platform.
Aave Experiences $27 Million in Liquidations Due to Oracle Glitch
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