AlphaFi is winding down its lending platform built on the Sui blockchain due to an oracle error that disrupted new deposits and loans. Users of the platform's interface, Slush, have been instructed to exit four affected strategies immediately to prevent further losses. The Sui Foundation is assisting with the wind-down process as AlphaFi ceases operations. This move highlights risks in decentralized finance platforms relying on external data sources like oracles.
AlphaFi's wind-down of its Sui lending platform is offered here with Pluang's crypto market data for context. As of Sep 26, 2026 07:21 WIB, 44 of 50 major cryptocurrencies on Pluang rose while 5 fell. Notable movers include LINK at Rp250.089 with a 4.93% increase and a typical hold time of 63 days, AAVE at Rp2.761.578 up 4.87%, and FIL at Rp18.734 rising 4.85%.
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AlphaFi is winding down its decentralized finance (DeFi) operations on the Sui blockchain due to severe undercollateralization in some AlphaLend positions backed by ALPHA tokens, which caused bad debt for the protocol. The platform has stopped new de...
