Vesu says faulty Pragma oracle caused $3 million in abnormal liquidations on Starknet lending pools
first published 2026-09-05T11:32:43Z
Vesu reported that an upstream Pragma oracle briefly fed incorrect prices on Sept. 4, leading to the abnormal liquidation of 47 borrowing positions across several Starknet lending pools and about $3 million in collateral being affected. The protocol said its own contracts worked as intended, no smart contract vulnerability was involved, and it is working with Pragma, StarkWare, the Starknet Foundation, and pool curators to recover funds for affected users.
AI Analysis
The summary describes incorrect oracle prices that caused 47 liquidations and affected about $3 million in collateral, which is a concrete DeFi disruption with immediate financial impact. Vesu said the contracts were not vulnerable, but the incident still created losses and recovery efforts.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
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