@kitto
The oracle protocol Switchboard has temporarily suspended services for the Aptos, Sui, Iota, and Movement networks after discovering signs of a network intrusion. According to Binance News, this measure is a proactive step to prevent further damage. Fortunately, Solana services remain unaffected and are operating normally, but the foundation recommends temporarily migrating to other alternatives during the investigation period.
As oracles serve as the backbone of DeFi, there are concerns that this suspension might cause a domino effect on lending or liquidation systems within the Move-based ecosystems. While they appear to have responded quickly, those using DeFi protocols on these networks should closely monitor official updates for the safety of their assets for the time being.
Related Links