AlphaFi is shutting down operations after experiencing an oracle error, with the Sui Network Foundation supporting the protocol's exit strategy. The platform has immediately disabled all new deposits and loan origination as part of the wind-down process.
Users of the Slush product must withdraw their funds from four specific strategies without delay. The mandatory withdrawal requirement affects active positions as the protocol ceases functionality under the supervision of the Sui Network Foundation.
AlphaFi Winds Down Operations on Sui Following Oracle Error
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