According to TechFlow, on October 14, the decentralized lending protocol Morpho Labs issued a statement on the oracle misconfiguration incident that occurred today. The incident resulted in a loss of approximately $230,000. Morpho emphasized that this was an isolated problem at the risk management level and the underlying protocol remained safe and reliable. Morpho said that the problem stemmed from an unauthorized market and a misconfigured price oracle. It is reported that risk managers have recovered most of the funds and are working to ensure that all lenders are repaid. Morpho emphasized that it will continue to provide managers with powerful tools in the future to reduce the possibility and impact of similar incidents.
Earlier news revealed that the DeFi lending protocol Morpho lost approximately $230,000 due to oracle configuration errors.
