AlphaFi Shutdown: Sui Foundation Covers Bad Debt as AlphaLend Winds Down

TLDR: AlphaFi is winding down AlphaLend after an ALPHA oracle issue created undercollateralized debt. Sui Foundation covered the full shortfall, keeping AlphaFi solvent and protecting user funds. Withdrawals remain open, while new AlphaLend deposits and loans are now paused. Sui security tooling helped detect the issue and will become available to DeFi protocols later. AlphaFi [...]

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